I haven't heard of Ian Whitely before. He's not one of the people receiving shares so not relevant.
The people who are slated to receive shares would have different values to the company. Giving them all the same number of shares seems arbitrary.
Frankly, determining the price of the shares so close before the metallurgical test results are known, is suspicious behaviour. Especially with these results delayed. The Board should be seen to be fair, and not leave itself exposed to suspicion of withholding positive metallurgical results to financially benefit individual employees. I think the fair thing to do would be to delay the pricing period on the employee shares until after the metallurgical results are known to the market.
EIO Price at posting:
27.5¢ Sentiment: Buy Disclosure: Held
