Strange these options were issued to Bahay as part of remuneration package (15 million in total and I assume one third vest after each year of service)
and even he acknowledged he only had 10 million with his ASX decalaration on 16 Dec 22. after Annual Report mentioned he ha d been issued 15 million.
Now he seems to get back 5 million options (out of the money) by cancelling a notice he lost them when he had already declared he didnt have them.
So will be interesting whether this issue requires ratification by shareholders at next meeting and could prove to be a little difficult if an announcment is made that sends the share price soaring and these options well in the money.
I think it is about time Finance and Admin is moved from WA and much closer to Bahay if he wishes to keep the "Trust and Confidence" of ahreholders.
The new auditors seem to be of value in cleaning up the details
Anyway he can explain at next AGM
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