options at 0.13, why not lower?

Hi all,

Sorry, but that really gets me, options for all directors at ridiculous 0.13 USD. This board seems to be too confident of our little company. I guess the amount of all director's ordinary shares is under the level of some of the PI's here on HC. That's fairly poor. If it hadn't been for this 5-Cent placement I would've thought these director interest notes were from 2008 or older.

Why didn't the directors define a level of 0.10 or lower in order to make sure all their options will be exercised one day in any case? I do apologize for my writing but I cannot understand the option level has sunk from 0.25 AUSD (41 Mio in June 2011) to now 13. If there is a SP pressing, as I assumed in my previous posting, I hope 13 AUSD won't be our next barrier.

Wait and see what will come out of the RI. I wish we could expect news from daily business like resource update, PFS or metallurgy over the next weeks.

Regards
LOWCUST, not amused

PS: By the way, is there anyone left here? I'm feeling alone a bit.