I see in the latest quarterly another $68k in expenses and reimbursements. This on top of $260k in staff costs and $1.16m in administration and corporate costs, plus another $51k in payments to an associate of a director YTD! What is this management up to? It appears that they are all being very well looked after for doing what? Taking on more debt and issuing more shares? From what I can see all they have done in the last 4 years is the recent drilling program that made the share price drop. They even seem to be changing their mind on the de-watering of K2, which although they said was underway, have now in the activities report referred to it happening in the future.....What a joke. Not only are they misleading shareholders, but doing nothing and paying themselves very well for it all with our money.
VAN Price at posting:
5.0¢ Sentiment: None Disclosure: Held