director options

Gday Holders,

What is everyones take on 'Resolutions 7 to 9 - issue of Options to Directors' on page 17 to 20 of the 'Notice of Annual Meeting' announcement dated 26th October 2012.

By summary:
1. Total of 16,000,000 new options to be issued to the directors
2. Exercise at 11.25c
3. SP at time of consideration was 7.5c
4. Expiry of 4 years from AGM 2012
5. Assumed 150% return in 4 years

IMO
1. This is not very optimistic for where our SP will be in 4 years time?
2. The SP in 4 years will either be 0.3c, 30c or $3.00 (not 11.25c). Arrowsmith 2 is make or break.
3. Why haven't the director exercised outstanding options available within the 5c mark? Show shareholder you are injecting money into the company again! WE HAVE!
4. I'm all for issuing options to our directors, however lets see them exercising soon!

What does everyone else think?

Good luck longs. I'm seriously pumped for flow rates!