Ann: Change of Director's Interest Notice, page-15

I think it was 3c if it’s the options that were agreed upon on May 23rd 2017 as per last years annual report. It’s insignificant though.


Hurdles were set low in my view for an asset of this size (hindsight is 20/20 though and it’s easy to say that now isn’t it?).


Still, some sort of payment should of been set. Eg if shares go past 10c, 20 million shares can be granted at a exercise price of 2c per share. Still allows 500% upside for Nigel from his investment & rolls $400k into the company. That also incentivises Nigel more as he has also put funds from his own pocket into the company.


I’m not saying this is just AVZ (NZC is the same and it kills me), it happens on 90% of stocks on the ASX and it bugs me because you see guys like Klaus cashing in saying he needs funds while investors suffer.


It’s a necessary evil I get it, but I just think it could be structured better, for the benefit of not just the directors but also shareholders