Ann: Terms of Options, page-13

No problem. Mistakes happen. And your comments were justified for POS. But wrong stock and directors. My biggest concern is you've set off the trolls including now Cottsurfer with a new account TheCottDon.

Just to remind others who may be reading this and other posts here's some background info.

These incentive options are not free. They are issued with a strike price and an expiry date. Directors need to convert them into shares by buying them at the strike price - in this case 9.5c. That money is paid direct to the company. If they don't do this by expiry they lapse.
A large part of their remuneration is by way of options. This helps preserve cash for AZY. I've previously done a comparison with remuneration at Greatland Gold in this regard.

Management and directors would have accumulated a lot of shares and options from around 2014 and 2015 through capital raisings at sub 1c which had options attached when many raisings were significantly under subscribed. The gold sector was on the nose, gold was heading towards $700. NCM was looking at exiting Telfer. Times were bleak. And every retail shareholder then could also have put their hands in their pocket and participated in these raisings. But most didn't. One benefit during these bleak times is we managed to snaffle some great tenements that NCM let go. Directors and Mgmt got us through those years and have tightly held their shares.

These options were announced some time ago. They are on the Agenda for today's AGM. They need to be approved by shareholders. This is the std timetable. Everyone had the chance to vote.

You know directors and Mgmt can buy shares on market if within the allowable windows - see the usual company policy for details. You'd think then they might rather load up in the 4s or 5s where we have been languishing most of the year, instead of converting options and paying 9.5c.

And is 9.5 an easy target? We haven't seen that since 2013 and 6.8 is solid resistance and will take work to crack. The directors and management are damned by you know who by price not moving fast enough and the same duo will be bleating when it does.

It's a full moon lunar eclipse today so tensions will be high today. So likely won't post again today. But please don't support or condone these defamatory, ill informed, misleading posts done so with malicious or other intent.