Luker

bylaws adopted by the shareholders entitle Options to be set at Max of 10% of issued and outstanding...

Peter could do that with his existing board... and has done so... and DESERVES - NO Options..

could a financing be done at this low price... sure.

but peter is running out of money and what do you think he will do? Finance at these prices - so how is that different.

the man spends money on any grassroot project that comes along without seeing trhu on Magpie and Lamalee etc...

the market is playing smith like a stratavaius.... and doing what's good for them - not us.

Peter follows advice from whomever he speaks to LAST.

again I can't count on my hands and toes how many Business blunders Peter has made in the past few years IMHO.... he is fit to be a VP Geologist NOT a CEO NOR CFO.