They are NOT on the same level in a number of perspectives.
1PG:
Market cap: $188m
Cash on 31 January 2016: $48m
1PG has 10m performance rights:
- 5m rights on achievement of A$1m revenue
- 5m rights on achievement of EBIT A$1.25m
Total Performance rights are less than 10% of existing issued shares.
Broker data over last 6 months:
BRN:
Market cap: $149m
Cash on 31 December 2015: $2m
BRN has 189m performance rights:
- 142.5m rights for Milestone 1, 2 & 3 on the conceptual achievements (Have been met with fews months following the reverse take over)
- Milestone 4 to issue 46.5m on achievement of $0.5m revenue
Total Performance rights are around 30% of existing issued shares.
Broker data over last 6 months:
1PG Price at posting:
$1.23 Sentiment: Buy Disclosure: Held
