RE: New X (formerly Twitter) post on Gold Bar9 Oct 2024 09:40
The first target for management is their options. A reminder below
A total of 56,000,000 Options have been granted, of which: 50% will vest immediately and are exercisable at a price of £0.02 per ordinary share ("Tranche 1"); 25% will vest when production is greater than 650 oz per month for three consecutive months and are exercisable at £0.025 per ordinary share ("Tranche 2"); and 25% will vest when all-in sustaining production costs at the Homase Mine are reduced to US$1,500 per month for three consecutive months and are exercisable at a price of £0.03 per ordinary share ("Tranche 3").