"The share awards to be satisfied by the ordinary shares held by the Company’s EBT will be subject to the achievement by management of specific performance conditions approved by the Remuneration Committee in a Management Share Incentive Plan (the “Incentive Plan”). ... Vesting will be determined by reference to the Company’s performance against the following key performance indicators: (i) the successful implementation
of the Company’s project diversification strategy, conditional upon equity financing being completed at a price of not less than 2 pence per share (or equivalent) during the 12-month period ended 31 December 2025; (ii) an increase in the Company’s market capitalisation of at least 50 per cent. during the 12-month period ended 31 December 2026; (iii) an increase in the Company’s market capitalisation of at least 100 per cent. during the 24-month period ended 31 December 2027; and (iv) an increase in the Company’s share price by such percentages over the period as referenced in (ii) and (iii) above the share price as determined at the time the Incentive Plan is finalised. The EBT will also hold a portion of shares to be allocated for the purpose of incentivising existing staff and new hires to support and deliver the achievement of the above milestones. The Remuneration Committee will retain discretion, in accordance with the applicable incentive plan rules, to determine the extent of vesting following assessment of performance outcomes. It is not expected that Remuneration Committee members will participate in the EBT"
Man alive, bitcoin at 48.5K, they paid what, mid 60s? and their gold is down? and they need to fund repayments, and more salaries, and likely project costs... this is either a cooked goose or a big dilution must be coming.