Ann: Corporate Update-GXY.AX, page-7

I agree that handing out shares and diluting the company is a problem, however the 625000 fully paid shares are payment in lieu. The net effect is that cash flow is improved leaving funds to assist bringing the assets closer to production.
With regards the 500 000 exercisable options I do not agree as this incentive is not needed. Primero are paid to do a job and rather than options there should be late penalties in place, also serving as incentive.
Just my thoughts