Ann: Cape Lambert Finalises the Joint Venture Agreement, page-12

Indeed it pretty concerning behavior, I saw another asx small cap company was paying only $500k admin a quarter after some digging I discovered they were paying extremely high rent on 3 office spaces of which 2 were owned by a director in the company.

I can only imagine what they are doing with $800k in admin a quarter, five star lunches travel and accommodation no doubt.

If it wasn't for that I would be an immediate buyer I am sure many large investors feel the same, no wonder it's sitting at such a low cap very few serious investors will ever put up with crap like this.