re: Ann: Notice of Annual General Meeting/Pro... but if the gold results, DFS, financing and mining licence appls all occur before the agm, what do we suspect the SP will be?
eg.
70c - therefore options = 91c
80c - therefore options = 104c
90c - therefore options = 117c
150c - therefore options = 195c
point is we have a floating cost here, and if we get any sort of significant re-rating we are not going to be as hard done by as some interpret.
I'd prefer a resolution that states that the option price will be based on 30 April 2011 closing 5ma price. That would be more reasonable.
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- Ann: Notice of Annual General Meeting/Proxy Form
Ann: Notice of Annual General Meeting/Proxy Form , page-29
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