meeting feb 10, page-40

I too will be voting against all resolutions. If the options were priced at > 40c I would probably vote for them but this (25c strike) is clearly an insult to all shareholders.

Whilst I value the endorsement of the ex QGC directors buying in, I don't feel its worth the dilution of 15% odd of my holding to have them onboard. If existing shareholders' interests were being considered a placement like this would not be considered unless there was an urgent need for capital or the issue price reflected fair value. Neither of these were the case.

If JK is reading this I would suggest ammending the strike of the options to something > 40c if you are interested in having a supportive shareholder base.