The shares are at a cost of 1.1 cents so the only upside is...

The shares are at a cost of 1.1 cents so the only upside is shared with existing shareholders

This is a far better outcome than many others I have seen where directors get free shares, or free options.

The negative is that the SP is only 1.1 , which if the outcome of the drilling or JV had of been earlier the strike price may have been higher

For the conspiracy theorist maybe after this meeting we will see that occur and the 1.1 will have been a gift.

For all the negativity in the forum we might see the a stock pull back to 1.1 which means all shareholders if they elected to could buy shares at 1.1 so I cannot see the problem

The more shares the board own the more they care about the SP and expenses incurred.