Ann: Prospectus Offer opens and Loyalty Options, page-53

Just to be clear, for the punters….the loyalty options are at best 1 option for every 8 shares held AND there is no guarantee the company will go ahead. YES record date is early Sept, but the company said they will have full discretion to look at shareholder LOYALTY so punters trying to get some by just buying just before early Sept may get NONE. They also said they will look at who bought and sold. So, expect little options anyway, and it’s not driving the rally - as the option price, anyway, will have an exercise price well about current price and will only be 1 year or less till expiry. This is a great management team, confident in their Tier 1 asset, and for the patient will be a 10 times or more in next 2-4 years.