Ann: AGM Notice of Meeting Amendment, page-4

Yeah....nice that they have acknowledged and amended what was probably a typo, but not really addressed any issues of substance.  If the amendment contained following revised wording (with changes noted in red, then we might have something I could grudgingly support, as the targets would then be aligned to shareholder value creation and market reality.

(a) (Vesting Condition): The Performance Rights of each holder shall vest as follows:

(i) 20% upon the Project being completed on time and on budget, withthe completion being certified by an independent report;

(ii) 15% within 3 months of completion of the Project if, based on the ROMFeed, there is a constant production of iron ore:

(A) at 58% Fe or higher, averaged over the 3 month period; and

(B) at an average rate of at least 41,666 tonnes per month overthe 3 month period; and

(iii) 25% within 12 months of completion of the Project if, based on the ROMFeed, there is a constant production of iron ore:

(A) at 62% Fe or higher, averaged over a 9 month period; and

(B) at least 500,000 tonnes produced over the 12 month period; and

(iv) 40% within 12 months of completion of the Project if, based on the ROM Feed and resulting produced iron ore, there is a constant sale of iron ore:

(A) at 62% Fe or higher, averaged over the 12 month period; and 

(B) at least 500,000 tonnes sold over the 12 month period; and

(C) the product is sold at zero discount to prevailing local market prices for iron ore.