Ann: Notice of Annual General Meeting/Proxy Form, page-6

performance rights for what....?
-successfully bottoming BRL this year and picking up some shares via the buy back and at their own personal gain at cheap as chips price,
-producing no dividend for shareholders,
-losing a court case (i know they are appealing but unless they pull a rabbit out of their ass its seems like they have shot themselves in the foot),
-and finally for not marketing and communicating with retailers (where's the port updates, the dredging, the institutional investor pick up announcements to boast, etc...)

personally i think with regards to share performance, communication, and frank openness they shouldn't have the gall to suggest performance rights... but i guess greed and power tend to make the head swell.

my question for the AGM (given i cannot attend) - they state they will buy up to maximum of 75 million share or 11.25 million AUD over a year, with the timing and number of shares bought dependent on SP and market conditions...
-aren't these market conditions good enough? at a year low price to go ahead with more vigorous buying and reset the SP to where we should be?
- what will they do with the rest of the money? if they don't spend it fully on the buy back- will that go towards a dividend or a nice midwinter party or holiday for the directors?