notice of general meeting, page-5

Do the MYG directors really want the Issue to get over the line in the GM?
The results of the current drilling may not be available until Aug - which is also about the latest time the shares/options can be issued (if MYG dont choose to vary it).
The instos would push for the full 80M+40M options to be issued imediately rather than wait for any potentially favourable results to come out.
Cant see any way to reduce the impact on current holders other than vote the whole lot down - ratification, issue and options and then try again after some drill results come through.