Ann: Notice of General Meeting, page-91

Depends what options you are talking about, the information is all in the explanatory notes at the end of the General Meeting document and it clearly states the issue of 60 million "contractor & consultant" options
ie: Borg Geoscience and whoever else they have commissioned to do work for them.
10 million options re: Related Party Options will be issued to King/Wall & Peters - nice little bonus for the lads and a further 6 million options re: Key Personal Options to be issued to Suttling & Flavelle - a nice bonus for these lads as well.

These option being in lieu of cash payments, and obviously acceptable to the contractors and consultants they engaged, it will also add $1.32 million to the coffers when they are exercised.

The Related Party & Key Personal Options will add a further $352,000 to the kitty, I haven't been in GPP long enough or have I read far enough back in announcements to judge if these options the directors are giving themselves are warranted.
With the concern of all the options being issued amongst shareholders, maybe that should be discussed in depth at the meeting before casting your vote.

With the issue of these options, the company maintains its ability to raise funds using the 15% placement facility, I will add that GPP are one of few companies that don't also seek shareholder approval for an extra 10% placement facility (listing rule 7.1a (I think)) As the company is nearly 1B shares on issue, I would only assume that at some point in time they will possibly do a consolidation, my opinion of course.

It also clearly states in the document that the company will need to raise a substantial amount of funds to have the Morobisi Project up and running.

As I said earlier, my biggest concern is, what project will get the priority?
The Fertiliser Project could possibly be a funding vehicle for the Morobisi Project, time frames to project start will be interesting.

cheers