PSC being destroyed by Management issuing options

the options for Sam are conditional on final investment decision before end of this calendar year. you can't have FID without securing the capex.

so unless they secure finance to construct the mine they don't get exercised.

Additionally, Sam volunteered to take a 50% cut voluntarily for last 12-18months the shares commensurate part of that salary - which is paid in shares

the canaccord options were issued in lieu of cash. I.e. they opted to take shares instead of cash which is fairly decent sign from a lead manager. these options are only exercisable above 22/25/27c from recollection but somewhere in the mid 2's.

again they don't get jack sheet unless there's a 50-80% increase inS/P.

Everyone is entitled to vote as they please but would suggest people review the documentation in detail to fully understand what you are and are not voting in.

In my view, if we get FID before calendar year I have no issues copping 1.5% dilution to the managing director whom in all seriously is the least likely to sell them. the shareprice should rise 300-500% if we secure capex. it would mean production in 2022 or latest h1 2023. it also means the ebitda is real and only risk macro conditions. consider pls is worth 60times more than PSC upside is massive for capex securing. if that occurs no issue from me.

SF2TH