Yeah, can confirm that the rules for these performance rights is that they can only be exercised if (a) the share price on 29th june 2007 is 15% higher than it was at the issuing of the performance right (tick) AND (b) when the first ore has been mined from the Perkoa Zinc Project. I am starting to seriously think that mining has commenced at Perkoa and that they will announce this shortly as the bucketload of burley that they will throw into the market to soften the criticism that they are likely to get thrown at them at the AGM.
The flip side is that they have waived these hurdles and have exercised these rights early (but as mentioned before this makes no sense at all as it would only serve to intensify the mud that will be slung at them at the meeting.
All in all there are lots of unanswered questions about where things are at and I think it is fairly clear that they have not been forthcoming with the necessary information.
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