"Having said that, with the Performance Rights Plan coming into play in the future, it would seem as if our directors want a back up option. They might be able to get both in the next 3 years."
Awoonga, the performance rights are most likely for those further down the chain. The directors won't be double dipping. The big 3 will be cracking whips without a doubt. I also have no doubt that the big 3 will be voting for the options package. They understand that it is this group of men that has created the opportunity for us all and it's important they get a reward for their endeavour. Their wages are not excessive, just typical for the size of the operation and their level of experience. These options, which preclude (well pretty much) any further options for the best part of 3 years will be their reward for an entire career in many cases. Am I happy personally to sell them 6% of my holding for 10c a share? Absolutely and they still have to earn them.
No off-take muted yet. Does that mean it's not Glencore or just not settled yet?
So who is coming to Sydney? My flights are booked, flying in on the Thursday and will leave after lunch Saturday.
AVB Price at posting:
8.0¢ Sentiment: Buy Disclosure: Held
