FMS 10.7% 5.0¢ flinders mines limited

I have been thinking about this a bit more and I think most...

  1. 2,119 Posts.
    lightbulb Created with Sketch. 129
    I have been thinking about this a bit more and I think most would agree that skin in the game is a move forward for the board. They also should get performance bonuses to get us to mining. $100,000 worth of shares each for bonus is minimal in my view as a bonus for getting the contracts signed. at 6.1c PS thats 1639344 shares each. That can quickly increase in value over 12 months if they keep moving the project forward. If we estimate 30c at first load that would increase the value to $491803 each. That is one hell of a bonus. If the bonus scheme remains at $100,000 of shares each year a mile stone is reach we are still not over diluting the share pool and board members receive a bonus that will increase in value with their ongoing performance. I think shares need to be put into escrow for a period to ensure vigilance is maintained. I have no problem with this type of bonus scheme and have no problem putting it to the board if the majority of SH agree.

watchlist Created with Sketch. Add FMS (ASX) to my watchlist
(20min delay)
Mkt cap ! $174.2M
Open High Low Value Volume
5.0¢ 5.0¢ 5.0¢ $599 11.97K

Buyers (Bids)

No. Vol. Price($)
1 2767 5.0¢

Sellers (Offers)

Price($) Vol. No.
5.5¢ 101911 1
View Market Depth
Last update - 11.22am 23/08/2019 (20 minute delay) ?
-0.006 ( 3.85 %)
Open High Low Volume
5.0¢ 5.0¢ 5.0¢ 124
Last updated 11.17am 23/08/2019 (live) ?
FMS (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.