tin, page-49

To get back off thread seeing you seem to be delighting in this issue Cowboy

Options Granted As Remuneration

PR Sims

Granted No. 2,250,000

Grant Date 15.09.2006

Value per Option
at Grant Date 0.03

Exercise Price 0.15

Exercise Date 31.12.2007

Sims allowed these options to lapse probably not unsurprising given the exercise price at the time and the fact that Gip were instigating a change in the direction of project financing which would result in a further delay and the consequent sp being below the conversion price.

In 2007/2008 he opted for an all cash remuneration of $253,333.

I mean really Cowboy,does the CFO not being issued any options niggle you that much and have you that concerned when the Directors converted the majority of ther options in 2007/08 espc when the CFO is on $250K+!!!

This really seems to me to be clutching at the thin short straw in the pack given all the other positive fundamentals the company has.It certainly wont have me selling out!!!

Yes the delay is dissappointing but given the extreme economic circumstances we now live in its hardly surprising we are seeing a further delay and if one doesnt think the company is improving the project fundamentals by a bit more delay then ........

Bare in mind that there will be many project costs that will be rapidly decreasing given the drop in commodity prices as of late.

But then Im getting away from the subject and bowing to my god again even though its not exactly thread subject matter;-)