Received Notice of General Meeting. Special interest resolution regarding options, exercisable at $4.50 or 7 day average, whichever is the lesser. The options are in 4 tranches with the last in Dec 2008. 500k to 4 directors and 2m to the top dog. The strike price of $4.50 is encouraging and is backed up with the major expansion of the company and the options are incentive based on share price and profits compared to ten peer companies incl JBM, CSM, Fox Resources etc. Mentioning major expansion looks like money will be needed, will the profits be enough or maybe a capital raising.
SMY Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
