My understanding of the scheme meetings one for ordinary...

My understanding of the scheme meetings one for ordinary shareholders and the other for option holders, is there is two important matters to be resolved by the vote.

In the case of the ordinary holders a FOR vote will "approve" of directors changing the hurdle to nothing for the Mt Thirsty performance rights so they can be vested and exercised. After that the directors can add their collective 37,250,000 votes in to the FOR camp to help get 75%.

Here is the ASX listing rule that the directors jumped on when it was revised late last year. Basically if you vote FOR you give approval for a waiver and that allows the vesting of unhurdled performance conditions.

Sorry it is hard to read you may need to squint.