I am very surprised that an ANN has not been issued yet, but the...

I am very surprised that an ANN has not been issued yet, but the company has issued an email notice to shareholders. The general meeting is about seeking approval for the introduction of a performance rights scheme and the awarding of 32 million performance rights to DW that would vest over 5 separate tranches on the basis of 1 performance right equals 1 share.

Also, you need to go to the registry (as if registering a proxy vote) to see the Explanatory Memorandum for this meeting.

Interestingly, the tranches cover performance criteria such as share price growth(annually for 3 years); proven reserve growth (2P within 12 months); contingent resource growth (2C within 12 months); production volumes (within 12 months); and tenure (at least 3 years). While the shareprice growth tranche could do with some further clarification (for me) in terms of how the 3 years pan out, I am intrigued and a tad excited about the 12 month timeframe given to the performance tranches pertaining to reserves, resources and production.

Do they know, (or at least suspect) something potentially tantalizing in the near term? Some type of near term game changer?? Is that just Winx or is there something further to add?? Hmmm.

Could be an interesting Q&A in London methinks.

All IMO. GLTA.