re: none

You can probably look at it two ways. The directors are probably going to be very happy if some people are unable to convert their options as they have underwritten them themselves and are able to get their hands onto them. However it is only for 15 million of them and if the options are out of the money there will be a lot more than 15 million that wont be exercised.

The next thing is that they have already informed the market that they will be putting out a resource upgrade to the market in this quarter. The ASX knows that the results have been received and that the lab has the one Meter results thus if they do not get the results out before the end of the year there will be a lot of people who will be asking some very difficult questions.

Saying all this I think the company has been very open and has kept the market informed of its intentions. Also if JT is hoping to get 7.5 million options granted to him at the next meeting (which is prior to the option expiry date) then he will want to see lots of happy shareholders sitting in the meeting with all their voting tickets supporting him because the share price is a lot higher than it is right now.

What he is asking for is a very big bonus so we really want to see him deliver a very big bonus to all of us so that we are happy to see him do really well like we have all done as well.

So it is now up to the company to get us shareholders all smiling asap so their are no unhappy campers around to spoil their party