The number of rights and the targets were not unreasonable at the time and based on the prevailing price when the PRs were approved by shareholders in 2014. Lake Mackay was completely unloved and shunned by the market and these guys have proven it to be a potentially world-class asset.
Panda, perhaps you'd be more supportive if you had shared in some of the value created by these guys over the last couple of years. If they can't sign a NT Agreement their new FPOs will be worthless anyway...
Ann: Change of Director's Interest Notice-AMN.AX, page-4
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