On to greener pastures?  Gregory Lee (resigned 19 January 2015)...

On to greener pastures?
 Gregory Lee (resigned 19 January 2015)
 Jeff Mitchell (resigned 19 January 2015)

We are all looking forward to this!
The Board is actively pursuing several potentially attractive acquisition opportunities, in oil and gas and other sectors, which it is
currently reviewing with a view to engaging in more complete advanced due diligence.


Main Directors still taking a nice chunk in fixed salaries
John Simpson Chairman (Non-Executive) - 11.16 - 88.84 100.00
Anthony Milewski Managing Director - 17.80 - 82.20 100.00

John Simpson 2015 99,500 - - 12,500 - - 112,000
2014 77,000 - - 12,500 - - 89,500

Mochamad Thamrin (i) 2015 N/A N/A N/A N/A N/A N/A N/A
2014 12,000 - - 3,333 - - 15,333

Anthony Milewski 2015 192,074 - - 79,448 - - 271,522
2014 338,465 - - 48,333 - - 386,798

Ken Bull 2015 100,000 - - 92,466 - - 192,466
2014 192,958 - - 77,534 - - 270,492

It's a nice salary considering they have to do nothing at all if they choose to do so. Poor AM having to take a cut like that.
Lucky he is involved in these companies,

1. Pala Investments,
2. Fission Uranium Corp,
3. Black Vulcan Resources LLC

Otherwise how could he survive on such a measly income. Still doesn't list IND as a company he has dealings with, why?

CASH FLOWS FROM INVESTING ACTIVITIES
Payments for mineral exploration and evaluation 2014(388,119) 2015(743,751)

Exploration in Ranau Indonesia was $2,923,877
Can we get a break down please?

Why would these guys sell as a shell to anyone? They can keep bringing in the money from this company for years to come till it is entirely empty, empty shell probably not worth much. What is there incentive to do anything at all.

I would like to know if QPN or IND has paid Pala Investmtents for advice? please disclose...
They are all heavily involved in other companies which I am sure they actually do work for.

My hope is that the company is taken over but why would they get rid of the company which drip feeds them their spending/play money.