Ann: Appendix 3B (Performance Rights), page-6

OV,

I sense some understandable frustration in your posts.
However to clarify for those who are unaware, these rights are for the 'employee rights plan'. They are NOT for Iggy or the directors.


The plan had 5,200,000 rights and now that has now been increased 8,200,000.
As the company transitions from a 'project' thru construction to production, the company will increasingly employ/contract many new skilled resources. I think the additional 3,000,000 rights will be allocated to some of the senior new employees/consultants as they come on board over the ensuing months.
I'm happy with that so long as the internal performance vesting targets are high.