Ann: Financing Update, page-9

It's about to become more excessive in terms of salaries, commissions and hangers-on. The first CEO left and was getting $400k a year after he left. Worzel left in October last year and we will have to wait until the AR to see what kind of golden handshake he gets. The new shiny bummed driver is a consultant. Can't imagine there being much work for consultants these days so HAZ looks good for a big fee. Now there are also two broker firms to feed and in this market of desperate capital it will be a double gouge for them.

Now they are engaging with companies that are "experienced in the tungsten sector" lol whilst blowing chunks. Didn't the previous management engage with tungsten types ie the ones who bought the ferrotungsten and built the smelter for them? They were novice-like before and now with even that meagre intellectual capital having been purged, a new bunch of wet behind the ears consultants can learn the ropes all over again at our cost. How much are we paying for the "key advisors retained and used to provide interim assistance to the management team"

Far out, Brussel sprout, here comes a couple of billion cheap shares for all the scoundrels in Perth to get set whilst they find a way of changing the font on Worzel Gummidges works of fantasy and prepare to ramp the hell out of it.