HAZ 0.00% 4.0¢ hazelwood resources ltd

all Being a bit cynical here, but the 17m incentive options to...

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    all

    Being a bit cynical here, but the 17m incentive options to the two new directors exercisable at 145% of the SP at the date of grant of the option might be the reason why the SP fell lately...if one interprets the date of grant being the date of approval of the options at the annual general meeting on 24 Nov '14 i.e. 145% of the lower SP gets the options into the money a lot quicker...

    ...anyway, that's how I would read it. they were appointed on 8 Sep '14 which neatly coincides with the time when the upward trajectory of the SP changed to a downward trajectory...probably just coincidence and lucky for the two new appointees

    I hope they are worth the money
 
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