MGO 0.00% 14.0¢ marengo mining limited

perfomance rights

  1. 4,674 Posts.
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    Just reading the Notice of General Meeting.

    Don't mind the idea of perfomance rights, especially to Les who has being driving this mammoth project in PNG terrain. I do see that they are well paid and the performance rights are attached to termination.

    I would have liked to have seen to the performance rights attached to a complete bankable feasibility study with a set IRR minimium to drive towards project realisation.

    These resolutions maybe also some sort of protection for a takeover possibility of MGO (golden parachute), don't mind that either as I think it will be well justified at a reasonable offer price, but again I would would like to see it tighened up and spelt onto in the rights issue.

    Just my thoughts... am I being mean?
 
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