With about 600m shares on issue, the Performance Rights can,...

With about 600m shares on issue, the Performance Rights can, potentially, deliver 136.84m shares to Directors: about 23% of SOI.

How does this 23%, of SOI, Performance Rights compare with other small god mining exploration companies, prior to the MRE?

Is it too generous for the Directors?
And, if so, could this be the reason for the SP being in free fall in the Share Price?

Whilst other small gold mining exploration companies have seen their share price fall about 25% plus in the last 4 months, why do you think TSO has had a fall of about 75% from its peak?

I am attracted to TSO (on its exploration announcements & good results), but I am concerned about the reason its SP is being savaged so much?
Does the "smart money" know something retail investors do not?