Ann: Quarterly Activities and Cashflow Report, page-5

Just read with particular interest our Financials - given we have approx. 2.5 Million. McAdam's salary of $520,000/year + expenses will consume our Cash Raising in 4 years!!! How does this sit well, for anybody, other than our Board, a salary of this kind when the Company screams they are financially constrained to do more drilling and yet McAdam doesn't even work full time!

Bob Kennedy and his Board took a 20% reduction in salary when they were at the helm and things were 'tight' - but they still saw Flinders as a going concern and still worked to promote our Company.

Had to laugh. "Desktop analysis". That must have been hard work.