re: none, page-4

re: none To me it explains why the share prices won't go past 50c (volume weighted for 5 days) as it releases another swag of options to JT. The market may have been trying to stop this but the board (in their infinite wisdom) have decided to renew this 7.5m option bonus to JT. I have serious reservations about continuous dilution of the share price for doing bugg*r all but his job.

JT got $760k remuneration in 2005 for doing didly squat. Current salary package is around $250k+. He has close to 10% of the company if he exercises his options. If that is not incentive enough what the bloody hell is another swag of options conservatively valued at $2.3 million going to provide.

I believe that they are feeding off CDU's unusual acceptance of an even more generous options deal for WM and mates. They (CDU) claimed that it was working for $65 grand a year, small justification for the humungous options payoff. JT has averaged $400k+ remuneration per year for the last 3 years. That is bloody good pay for an exploration manager of a small exploration play. I say NO Bl**DY WAY and will vote with my shares.