I've been a SHN now ARH holder for many years, and I feel that...

I've been a SHN now ARH holder for many years, and I feel that this announcement is the start of great things for ARH. Most importantly the Chairman and MD are getting a lot of shares, with the funding now arranged they'll be sitting on a small fortune.
You can be sure they'll now do everything they can to get the share price UP

Chairman Dominic Martino
MILESTONE OPTION INCENTIVE
1
25% of the total number of Options granted to Dominic Martino (ie. the number of Options exercisable at this Milestone will be equal to 0.75% of the Company’s issued Shares at the time of completion of Proposed Transaction).
The exercise price payable upon exercise of each Option will be the average market price per Share (weighted by reference to volume) of the Company’s Shares traded on ASX during the period commencing 16 December 2005 up to and including the day that a general meeting of Shareholders approves the acquisition of the Proposed Project. The options will have an exercise period of 5 years from the date of grant.
2
25% of the total number of Options granted to Dominic Martino (ie. the number of Options exercisable at this Milestone will be equal to 0.75% of the Company’s issued Shares at the time of completion of Proposed Transaction).
The exercise price payable upon exercise of each Option will be the average market price per Share (weighted by reference to volume) of the Company’s Shares traded on ASX during the period commencing 16 December 2005 up to and including the day that a general meeting of Shareholders approves the acquisition of the Proposed Project. The options will have an exercise period of 5 years from the date of grant.
3
25% of the total number of Options granted to Dominic Martino (ie. the number of Options exercisable at this Milestone will be equal to 0.75% of the Company’s issued Shares at the time of completion of Proposed Transaction).
The exercise price payable upon exercise of each Option will be the average market price per Share (weighted by reference to volume) of the Company’s Shares traded on ASX during the period commencing 16 December 2005 up to and including the day that a general meeting of Shareholders approves the acquisition of the Proposed Project. The options will have an exercise period of 5 years from the date of grant
4
12.5% of the total number of Options granted to Dominic Martino (ie.
the number of Options exercisable at this Milestone will be equal to
0.375% of the Company’s issued Shares at the time of completion of
Proposed Transaction).
The exercise price payable upon exercise of each Option will be the average market price per Share (weighted by reference to volume) of the Company’s Shares traded on ASX during the period commencing 16 December 2005 up to and including the day that a general meeting of Shareholders approves the acquisition of the Proposed Project. The options will have an exercise period of 5 years from the date of grant
5
12.5% of the total number of Options granted to Dominic Martino (ie.
the number of Options exercisable at this Milestone will be equal to
0.375% of the Company’s issued Shares at the time of completion of
Proposed Transaction).
The exercise price payable upon exercise of each Option will be the average market price per Share (weighted by reference to volume) of the Company’s Shares traded on ASX during the period commencing 16 December 2005 up to and including the day that a general meeting of Shareholders approves the acquisition of the Proposed Project The options will have an exercise period of 5 years from the date of grant

MILESTONE OPTION INCENTIVE
1
25% of the total number of Options granted to Dominic Martino (ie. the number of Options exercisable at this Milestone will be equal to 0.75% of the Company’s issued Shares at the time of completion of Proposed Transaction).
The exercise price payable upon exercise of each Option will be the average market price per Share (weighted by reference to volume) of the Company’s Shares traded on ASX during the period commencing 16 December 2005 up to and including the day that a general meeting of Shareholders approves the acquisition of the Proposed Project. The options will have an exercise period of 5 years from the date of grant.
2
25% of the total number of Options granted to Dominic Martino (ie. the number of Options exercisable at this Milestone will be equal to 0.75% of the Company’s issued Shares at the time of completion of Proposed Transaction).
The exercise price payable upon exercise of each Option will be the average market price per Share (weighted by reference to volume) of the Company’s Shares traded on ASX during the period commencing 16 December 2005 up to and including the day that a general meeting of Shareholders approves the acquisition of the Proposed Project. The options will have an exercise period of 5 years from the date of grant.
3
25% of the total number of Options granted to Dominic Martino (ie. the number of Options exercisable at this Milestone will be equal to 0.75% of the Company’s issued Shares at the time of completion of Proposed Transaction).
The exercise price payable upon exercise of each Option will be the average market price per Share (weighted by reference to volume) of the Company’s Shares traded on ASX during the period commencing 16 December 2005 up to and including the day that a general meeting of Shareholders approves the acquisition of the Proposed Project. The options will have an exercise period of 5 years from the date of grant
4
12.5% of the total number of Options granted to Dominic Martino (ie.
the number of Options exercisable at this Milestone will be equal to
0.375% of the Company’s issued Shares at the time of completion of
Proposed Transaction).
The exercise price payable upon exercise of each Option will be the average market price per Share (weighted by reference to volume) of the Company’s Shares traded on ASX during the period commencing 16 December 2005 up to and including the day that a general meeting of Shareholders approves the acquisition of the Proposed Project. The options will have an exercise period of 5 years from the date of grant
5
12.5% of the total number of Options granted to Dominic Martino (ie.
the number of Options exercisable at this Milestone will be equal to
0.375% of the Company’s issued Shares at the time of completion of
Proposed Transaction).
The exercise price payable upon exercise of each Option will be the average market price per Share (weighted by reference to volume) of the Company’s Shares traded on ASX during the period commencing 16 December 2005 up to and including the day that a general meeting of Shareholders approves the acquisition of the Proposed Project The options will have an exercise period of 5 years from the date of grant

In accordance with the Proposed Grant, the number of options to be granted is stated below:
Milestone
% to be
issued to H
% to be
issued to M
Number of
Options to be
issued to H
Number of
Options to be
issued to M
1
1%
0.75%
7,170,746
5,378,060
2
1%
0.75%
7,170,746
5,378,060
3
1%
0.75%
7.170,746
5,378,060
4
0.5%
0.375%
3,585,373
2,689,030
5
0,5%
0.375%
3.585,373
2,689,030
The above table assumes that the number of shares on issue at the time of Milestone 1 being
achieved is 717,074613. It should be noted that if additional shares are issued from 19 April
2006 to the date when Milestone 1 is achieved, then the number of options to be granted to H
& M at the achievement of the first and subsequent Milestones, will increase.
Furthermore, the above table does not take into account the potential issue of shares to Mineralogy as well as the possibility of any future share reconstruction.
Accordingly, the actual number of options to be granted may change but the actual number will not be known until the Mineralogy transaction has been completed.
Valuation of Proposed Grant of Share Options
We comment as follows on the five Milestones and the grouped results as follows:
4.4.1 Milestones I to 3
If the share price at date of vesting is between $0.0837 and $0.125, the value of each Option is between $0.05717 and $009424 respectively. The total value of the 7,170,746 options to be granted to H ranges from $409,963 to $675,762 per Milestone.
Milestone
Number of
Options to be
issued to H
Total Value of Options
issued to H @ $0.05717
per option
Total Value of Options
issued to H @ $0.09424
per option
1
7170,746
$409,963
$675,762
2
7,170,746
$409,963
$675,762
3
7,170,746
$409,963
$675,762
The total value of the 5,378,060 options to be granted to M ranges from $307,473 to $506,821 per Milestone.
Milestone
Number of
Options to be
issued to M
Total Value of Options
issued to M $0.05717
per option
Total Value of Options
issued to M @ $0.09424
per option
1
5,378,060
$307,473
$506,821
2
5,378,060
$307,473
$506,821
3
5,378,060
$307,473
$506,821
4.4.2 Milestones 4 to 5
If the share price at date of vesting is between $0.0837 and $0.125, the value of each Option is between $0.05717 and $0.09424 respectively. The total value of the 3,585,373 options to be granted to H ranges from $204,990 to $337,892 per Milestone.
Milestone
Number of
Options to be
issued to H
Total Value of Options
issued to H @ $0.05717
per option
Total Value of Options
issued to H @ $0.09424
per option
4
3,585,373
$204,990
$337,892
5
3,585,373
$204,990
$337,892
The total value of the 2,689,030 options to be granted to M ranges from $153,743 to $253,419 per Milestone.
6
Milestone
Number of
Options to be
issued to NI
Total Value of Options
issued to M $0.05717
per option
Total Value of Options
issued to M $0.09424
per option
4
2,689,030
$153,743
$253,419
5
2,689,030
$153,743
$253,419
4.4.3 Summary of Value of Options to be Granted
The respective ranges of values, based on the above assumptions and computations, are as follows:
(a) Options issued to H
Milestone
Assumed share
price range based
on weighted
average share
price at date of
grant of options
Assumed value
per Option
Number
of
Options
Assumed value of each
Milestone for H
I
$0.0837 to $0.125
$0.05717
to_$0.09424
7,170,746
$409,963 to $675,762
2
$0.0837 to $0.125
$0.05717
to $0.09424
7,170,746
$409,963 to $675,762
3
$0.0837 to $0.125
$0.05717
to $0.09424
7,170,746
$409,963 to $675,762
4
$0.0837 to $0.125
$0.05717
to_$0,09424
3,585,373
$204,990 to $337,892
5
$0.0637 to $0.125
$0.05717
to_$0.09424
3,585,373
$204,990 to $337,892
(a) Options issued to M
Milestone
Assumed share
price range based
on weighted
average share
price at date of
grant of options
Assumed value
per Option
Number
of
Options
Assumed value of each
Milestone for M
I
$0.0837 to $0.125
$0.05717
to_$0.09424
5,378,060
$307,473 to $506,821
2
$00837 to $0.125
$0.05717
to_$0.09424
5,378,060
$307,473 to $506,821
3
$00837 to $0.125
$0.05717
to_$0.09424
5,378,060
$307,473 to $506,821
4
$00837 to $0.125
$0.05717
to_$0.09424
2,689,030
$153,743 to $253,419
5
$0.0837 to $0.125
$0.05717
to_$0.09424
2,689,030
$153,743 to $253,419