Page 9 of the "Management Information Circular" sent to everybody with shares:

"The issue price of any Common Shares issued under the DRP may not be less than the closing price of the Common Shares on the TSX on the trading day immediately preceding that date of issue."

Given that the shares issued as the options being asked for at this time will vest over the next 4 years... to "greed" the system and put cheep shares in anyone's hands is a shot in the dark at best.

Now for an opinion... its seems that many here on the board do not understand the workings of a Employee Options plan. The information you received in your package is actually very educational in that way. Most of the realities of the plan are covered, The costing of teh shars, timed distribution of the shares, who gets them and why and the fact that the existing plan is running out of shares and that this "reload" is the natural progression of such a plan. As it is in any company.

Let me reiterate a point that seems to be the big misunderstanding; These shares are not being costed on the day of the November 18th vote. They will cost when they vest over the multi year plan that is being discussed. If the permit comes the next day and it goes to $100... the vesting price of the shares the day after will be $100!

Just a bit of FYI.

Now I will be quiet again.