Nice tick of approval from one of the directors,on market...

Nice tick of approval from one of the directors,on market puchase of $85k.Copy below of email from ceo.Apologies re original post as some of the incentive option exercise price were incorrect.Like the bit about broker briefings at their request

"1. Good to hear from you again.

2. Lodestone has done some limited broker briefings lately at their specific request.

3. You should as a shareholder now have a notice for the June EGM and if not the notice is both on our temporary web-site plus on the asx web-site.

4. There are no other announcements expected in June and we have not as yet started field work apart from surveys

5. In the notice :

a. There are piggy back options on the stock issued recently for funds at exercise prices of 20 cents and 50 cents ,which would if exercised bring significant funds to Lodestone. The triggering points for the options to be exercised are LOD trading at 30 cents and 70 cents respectively

b. There are also Performance Rights being issued to directors which are subject to shareholder approval these vest at 25 cents for LOD (50%) and and when LOD’s market cap reaches 50 million (ie about 3.5 times the current market cap)



I believe all these prices to be realistic LOD has by direct entry or farm-in just over 1% of the surface area of Queensland under tenure.



Regards

Jeff Jamieson