At the AGM shareholders will be asked for approval to issue Paul...

At the AGM shareholders will be asked for approval to issue Paul Bibby with 3 million Performance Rights (ie shares) for zero consideration if he stays at AKO for the next 2 years.

But where is the link between Bibby's performance and the performance of AKO?

Since the listing of AKO at $0.25 per share, the share price of AKO has fallen by 40% ( and a fall of 6.26% since the last capital raising). Hardly a performance for which Bibby should be hansomly rewarded even with the exploration success that has been achieved.

I would be happy for Paul to be rewarded with 1.5m performance rights when the share price of AKO exceeds (say) $0.50 and a further 1.5m when the price exceeds (say) $0.75 ( as all shareholders would benefit) but the problem with what is being put to shareholders is that Paul will be rewarded even if the share price falls to $0.10 - he would be $300k better off but other normal shareholders would be down another 30%.

Proposal stinks and I will be voting against it.