Ann: Notice of Annual General Meeting/Proxy Form , page-9

re: Ann: Notice of Annual General Meeting/Pro... everyone has the right to vote down these packages, i suggest you bother to vote if you're concerned.

all i'll say to those that are upset at the exercise price and volumes of these options is to review prior years resolutions. i think you will find they have set the bar high in the past.

on another note, i would also like to mention that the share price is not always a particularly effective mechanism for evaluating what value has been added to the company. many minnows like trf and ife float around undervalued for years, then something clicks and it's off to the races. I suspect that will be trf's outcome too.

btw, im a fence sitter on this option issue - i see both sides fairly equally.

cheers
split