kid genius???, page-4

Hooter,

That valuation model for the options package is what they were worth. They have a very real value and that value should be considered when they are issued. Furthermore the valuation reflects the value of the options when they were issued, so the current value is pretty much irrelevant.

I am not sure why you would use Peter Hutchinson as an example to prove your point, as it is disgraceful that he was issued that many options. I am blown away that the board could demand these sorts of increases in remuneration on the back of a share price drop of 60%. Haha it is absolutely crazy. I am certainly not suggesting PH earnt $8M for the year. What I can be comfortable in saying is that CDU gave PH a financial package that was worth $8M. There is a big difference.

Come on Hoots, it is interesting that of all the points I raised you selectively focus on the valuation of the options anyway. What about the transparency and due diligence associated with appointing a director who from what we can read has 3 years legal experience as a junior solicitor and zero experience in mining / exploring? If you are comfortable that Mr Taylor was the best candidate I would love to see the information that supports that as I am open minded about the whole thing.

I am sorry if you consider raising concerns about the appointment and remuneration of the board of directors is 'grand standing'. I am just trying to keep it real.

I am the Iceman, and you WeatherFoxHat are not!