RE: BP...is it worth it?27 Jan 2019 12:38
ORT - You are correct, I have no personal interest, and neither do I have authority to act on my brothers behalf.
As for the "what do I think for an alternative"...
To begin, the acquisition/development agreement has already been made, so I do not take issue with APs share of the assets he brought along ...although, as per my post yesterday, I'd prefer the timing of BP, and thus APs share of it, to be delayed for the meantime whilst focusing on PP, an already well performing mine, until we are financially stable enough to put money into BP, without relying on debt, or a further equity cut.
As a for incentive, he is paid a good salary to start with, and as I have maintained from the beginning, instead of options, a fixed cash incentive based on SP targets, and fixed bonuses for SP maintenance I think is enough for anyone.
I understand that there is mixed opinions on the board and elsewhere regarding the options, but it's something that I, but more importantly my brother, disagrees with.