Ann: Corporate Update-GXY.AX, page-28

Agree but that's the reality unfortunately.

Also agree that it's a generous number of options but I suspect management had very little leverage here and this would have been very clearly the easiest way to get what is a relatively small amount of funds to get over the line. The point being we should be needing to raise these funds now. It was supposed to come from directors!

Let's hope the increase in production next year is worth it. I think in time this whole drawn out affair of upgrading the plant capacity will be seen to be a difficult and risky but ultimately wise and justified decision.