agm all about the officers, page-2

The 15 % p.a. stuff is standard. More requires special resolutions. Finance should help obviate the need for such issues. Finance may or may not be forthcoming in a market where traders think it's O.K. that the Nikkei 225 can sink to early 1980's levels and the Yen can nearly double against the A$ in a few months.

How does holding shares one has bought on market count as "incentive" if the same logic doesn't apply to shareholders who are not employee?

How is the granting of incentive options a bad thing when the exercise price is 2-3 times the market price in a market that might not even reward successful finance completion?

Dunlop, Chisholm, Telford and Kenny have had a lot of options in the past which have expired or were purposely cancelled eg. when GIP listed on AIM. It's normal for insiders to get options etc grants. GIP's policies and handouts have been quite reasonable compared to the likes of a host of others such as CDU, for example.

To answer another question from another post, Dunlop has been instrumental in redesigning the mine site and access pathways, saving GIP many millions along the way. Chisholm's geology qualifications are top notch and if Telford is to be sacked or something, who is to replace him who can do a better job.

Just a few things to think about.