Ann: Boardroom Radio Broadcast, Mr Paul Burton, page-61

For once I will try to give it a positive spin:

The revised Class F performance Rights - which you would assume have a goal the board considers achievable, or why bother - vest only if the company's market cap reaches $500m on a 20-days VWAP basis, with any new shares issued after the grant of the Rights excluded from the market capitalisation calculation.

It is my understanding that grant of the Rights is to be approved at the AGM, in November.

So one could conclude that either we sort finance before then (unlikely, but not a bad outcome) and the diluted registry can be used in the calculations, or the market cap goal of $500m will need to be met taking into account the number of shares as of November alone (which should be close to current numbers).

If the latter, the share price would have to be more than 5x what it is now for the class F Performance Rights to vest