I never post but this is a little confusing for me so I will...

I never post but this is a little confusing for me so I will outline what I think and maybe someone else can make sense of it for me.

The performance rights issued are 200k each of class G, H, I, J, K. Classes G, H and I are for getting a VWAP of $0.35, $0.50 and $1.00 for 20 days or more so none of these come into play. Class J is a BFS which we do not have yet. Class K is the announcement of a resource for Storm, CW or other. I am assuming that it is this latter one that the 1M shares are for and that the notice is incorrect. Rather than being 200k for 5 different classes it is 200k for 5 people for class K even though the annual report only lists 4 people with these performance rights issued.

The next question would be what resource they are being issued for. There has been a MRE for West Dessert but that I do not think this meets the 200kt of contained Cu requirement (it might on CuEq - not sure what Indium is worth). All I can surmise is that the company is issuing the shares based on the Storm MRE so this must have 200kt+ of contained copper; you would think they would wait until after the resource is released though.

Some more clarity as to what classes these performance rights are, who is receiving them etc. would be good. Better would be seeing the MRE for Storm.