Couple of points:
1. Although $500k seems like a significant cash component of remuneration, after tax $250k doesn't go far. You expect him to save 40% of his post tax income year on year since allotment to fund them. Unlikely outcome.
2. Given 1., the only option is to lever through funding. I don't know of many financial institutions that would provide funding for a high risk resource company with a MC of less than $100m. Whether is was trading at 8.5c and 10c, commercially no one would ever fund it.
3. Given 1. and 2., only option is to mortgage the house. Can of worms!
I would have loved to see them be repaid but they weren't. Given the above makes perfect commercial sense albeit disappointing.
He's got another 4m due for repayment in Nov ($356k) and he gets gifted 2m upon successful financing.
Do I think he's the most incentivised he's ever been.....absolutely.
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5.6¢ |
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Mkt cap ! $96.48M |
Open | High | Low | Value | Volume |
5.5¢ | 5.6¢ | 5.4¢ | $26.84K | 488.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 40557 | 5.5¢ |
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Price($) | Vol. | No. |
---|---|---|
5.6¢ | 162954 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 40557 | 0.055 |
4 | 150071 | 0.054 |
3 | 303700 | 0.053 |
3 | 318990 | 0.052 |
2 | 700000 | 0.051 |
Price($) | Vol. | No. |
---|---|---|
0.056 | 162954 | 3 |
0.057 | 7600 | 1 |
0.058 | 137000 | 2 |
0.059 | 45500 | 1 |
0.060 | 116666 | 2 |
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