Ann: Notice of Annual General Meeting/Proxy Form, page-10

Don't agree with many of your points and happy with progress, but maybe SM needs some fresh blood on the board? The share price should be the main criteria for how well they are doing and until this re-rates significantly then options at 40c seems a very low hurdle. All the good news is banking up and one of several announcements could see the share price sail past 40c.

It's sickening, but also standard that smaller resource companies need incentives to do their jobs. When companies under perform they still get a hefty wage and when they out perform they are like pigs in the trough.

But if the share price hits 50c then i'll be happy and they can gorge all they want (the Directors that deserve it that is).

We might be setting up for a big move. Dividend which could be taken in shares and now options potentially issued prior to potential share re-rating announcements. Directors have set themselves up nicely it seems.