MGO marengo mining limited

Just reading the Notice of General Meeting.Don't mind the idea...

  1. 5,530 Posts.
    lightbulb Created with Sketch. 1776
    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?
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.