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TNG BRR, page-42

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journeyman

3,013 Posts.

283

14/06/19

15:07

Post #: 39063929
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Originally posted by Digity1: ↑

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.

Expand

of course he is... He did create the incentives for himself after all!

TNG Price at posting: 11.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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(20min delay)
Last 5.6¢		Change -0.001(0.89%)		Mkt cap ! $94.75M

Open	High	Low	Value	Volume
5.5¢	5.6¢	5.4¢	$16.49K	300.5K

Buyers (Bids)

No.	Vol.	Price($)
1	158512	5.5¢

Sellers (Offers)

Price($)	Vol.	No.
5.6¢	346916	7

View Market Depth

No.	Vol.	Price($)
1	158512	0.055
5	190071	0.054
3	303700	0.053
3	318990	0.052
2	700000	0.051

Price($)	Vol.	No.
0.056	346916	7
0.057	22672	2
0.058	186123	4
0.059	45500	1
0.060	116666	2

Last trade - 14.17pm 26/07/2024 (20 minute delay)

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