Can they run a business?, page-86

If you are talking about pay packets that is a bit of a different thing…of course big increases in pay packets does not look good when the SP is where it is from the highs. I guess the question for this is are they delivering on progressing the assets as planed to realise the value of the asset. How much effort are they putting into doing this and how should that be rewarded. What is the market value of the skills to do this. There should be element on independence in determining what that value is by the renumeration committee so there is a process.

If I am not mistaken the proxy form is to vote on the acquisition and the issue of shares to directors at 8.2c which by my understanding are not free shares and need to be paid for. So this is the directors having skin in the game at a higher price than the retail offer and current SP. So I am not sure why you would vote no.

Hopefully someone can confirm my interpretation that these are paid for and not free shares. If they are paid for what is the benefit in voting no.