Excerpt from The Australian, 20 April 2011:
"...The performance shares were presumably granted to motivate Curtis to find a project for Forge.
The shares expire by the end of this year, and if the milestone is not achieved, they will automatically convert to one solitary share. However, if the transaction with Lynas proceeds the milestone will be achieved and the performance shares will convert into 24 million ordinary Forge shares.
That would deliver more than $25m to Curtis -- more than the $20.7m Lynas would receive...."
Looks like we just have to hold out until the new year and then the deal is worthless to Curtis.
Read more at:
http://www.theaustralian.com.au/business/opinion/lynas-says-crown-no-longer-the-jewel-in-mt-weld-holdings/story-e6frg9kx-1226041819775
Excerpt from The Australian, 20 April 2011:"...The performance...
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Last
$6.40 |
Change
0.170(2.73%) |
Mkt cap ! $5.982B | |||
| Open | High | Low | Value | Volume |
| $6.34 | $6.40 | $6.28 | $12.65M | 1.991M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 15037 | $6.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.40 | 38814 | 10 |
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| LYC (ASX) Chart |