The way to read this imo is:Director/employee David Frances lost...

The way to read this imo is:

• Director/employee David Frances lost 10,000,000 old performance rights but since the end of last year gained himself 26,500,000 new performance rights. Sitting in suspension has therefore improved his personal position by 16.5 million potential new shares.

• Director/employee Roger Martin lost 1,666,667 old performance rights but since the end of last year gained himself 5,300,000 new performance rights. Sitting in suspension has therefore improved his personal position by 3.63 million potential new shares.

• Director/employee Kylah Morrison also lost 1,666,667 old performance rights but since the end of last year gained herself 5,300,000 new performance rights. Sitting in suspension has therefore improved her personal position by 3.63 million potential new shares too.

Now go look up each of their salaries which they’ve also been drawing in full.

And then consider how much they are prepping to dilute all the rest of us, thanks to the special mandate proposed at the 2023 annual meeting a few months ago (and agreed to by Stockholm Syndrome-type shareholders and their anon proxy pumpers who often pop up posting enthusiasm on here). Directors were granted permission to increase issued shares by up to 25% (above the usual 10% cap) at their discretion and without reference to a usual shareholder approval vote.

Now you can see why all of those new free performance rights shares and moved goalposts are important - they don’t want the dilution ahead to affect their own troughing.