new chart thread, page-21

Before I post my comment , I reconfirm I applauded the Directors for their options strike price calculation .

I still think it's a bit rich they got them in the first place considering all the delays and the lack of finalization of so many things that all who attended last years agm were sure would of happened by now .

Before you object try recall the expectations of 12 months ago .

Silica - I believe everyone was awaiting a JV , and many names specific parties who were on the island ....yet NOTHING NEW .

Gold _ One project shelved another on hold , would anyone of thought this possible .. I doubt it

Geelong _ the expectation was definately that the plant woud be at capacity towards the end of last year let alone still be under upgrade , or awaiting pond builds etc 12 months later , as far as the $8.6m EBIT , they havent even had that in revenue let alone EBIT

Geelong _ 12 months ago you would have expected a finalization of the term and conditions of the deal with Sims, and finalization of the deal with frank , peter rob ,and the anonymous third party in respect to the alcoa and landfill ownership of the IP

USA the expectation was they would have completed the teating of landfill and proven up the technology and then have signed a deal with SSM , well the opposite occured , no deal, and the landfill process failed in that the fill wa snot as clean as in austrlai so the trial didnt succeed , as a result change of strategy .



In respect to the option I hope this applause is proven to credibility , and when the options are issued every one can see the strike price , and see that grant date means the date of the AGM approval , or the date the options are issued by the register , and not the date the directors granted them .


Time will tell , remembering so far time has told my pessimistic viewpoint but in this case you really do need to see things , before you should bank them

By the way still nothing on why the flouride business never went ahead, or why the AL80 contianer remains in Oz.

I remain the MHM pesimist and are very interested to read just what spin the AGM chair and directors report has to say

Maybe this time they will have the time to prepare a powerpouint presentation