chairmans options., page-8

Bungy,

Good comments.

However, I believe that the exercise price is a little low and that 23m should have been staggered rather than all done at 4. Maybe 10m at 4, rest at 6 or higher - something like that.

However, The non-exec options are a joke. These guys would be hard pressed to justify their salary based on work done let alone the value of the options. They take $32,700 pa for doing not much and now they want incentive options valued at $266,900 - over 8 times their salary.

There is nothing can be said to justify this and it should eb dealt with accordingly !!