I've left it a few days before commenting on the incentive package while tossing it around with some other shareholders.
I think the overall need & goals for an incentive package are good & needed.
The KPI's of DFS, offtake agreement & mine building finance are exactly what shareholdres are looking for & exactly what the company needs.
The exercise prices are probably fair & reasonable given the current share price. At least they are not proposed to issue already 'in the money' as the last tranche of incentive options were. Although it does grate a bit that the share price has declined from 0.23c to under 0.10c since the new CEO arrived. That said I do think the current CEO & chairman are, by far, the best the company has ever had & are well up to the task of delivering on the KPI's.
However, what I feel is unreasonable, is the amount of options proposed - >27 million!
This is a proposed issue equal to around 10% of the issued capital of the company.
I'm sorry, I'm all for incentives but that amount for doing what is realistically their job is way over the top & I cannot support such a large issue. I would say it is at least triple what is fair & reasonable.
An overall total amount of 8 or 9 million options in the plan would be an excellent reward in any language & I hope the board takes note of this feedback & amends their proposal to more fit with shareholders expectations.
- Forums
- ASX - By Stock
- Package balance
I've left it a few days before commenting on the incentive...
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add HXG (ASX) to my watchlist
(20min delay)
|
|||||
Last
2.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.30M |
Open | High | Low | Value | Volume |
2.4¢ | 2.4¢ | 2.4¢ | $411 | 17.12K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 220000 | 2.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.5¢ | 507465 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 220000 | 0.023 |
1 | 304654 | 0.022 |
3 | 1170238 | 0.021 |
5 | 755500 | 0.020 |
2 | 54368 | 0.019 |
Price($) | Vol. | No. |
---|---|---|
0.025 | 507465 | 2 |
0.026 | 289259 | 4 |
0.027 | 243949 | 3 |
0.028 | 608050 | 3 |
0.029 | 50000 | 1 |
Last trade - 15.57pm 17/09/2024 (20 minute delay) ? |
Featured News
HXG (ASX) Chart |