Ann: CARBINE MANAGING DIRECTOR PROVIDES UPDATE, page-3

Great thanks for the update, however one thing I did notice recently (22/03/17) was Tony James converted some of his 9,000,000 performance rights to shares, not big dollars on the converted amounts, but I just query why a director has 9,000,000 performance rights in the first place when no dividends have been paid and the stock price has fallen from 20c to 10c in the last 12 months. Is this a way to reward a performance of this nature? My position is hold only because I bought at those higher amounts so I'm stuck for the long term in the hope that they do actually PERFORM in a fashion that gets the share price to perform too. This company is only one example but I'm getting a bit sick of those MD's and CEO's in the Australian mining industry that just pull these and similar benefits out of our oxygen whether or not the performance is positive or negative.