The structure of the forthcoming issue of director's options has convinced me of two things.
Firstly, there will be no news to spike the SP before the AGM. Even at today's SP the exercise price for all options, upon conversion, would be approx 4.5c. [Imagine one of those silly, temporary SP spikes just prior to the AGM. The poor dears exercise price could jump to 5.5c or more.]
Secondly, they smack of strong confidence in sound SP growth over the next two years. In this case, what is good enough for the director's, is good enough for me also.
Ann: Notice of Annual General Meeting/Proxy Form, page-12
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