Ann: Quarterly Activities Report, page-5

That’s ~$1.10 (adjusted for consolidations) to $0.019 since August 2011. All whilst paying himself $250k + a year. so much for accountability. No wonder the industry I love has such a reputation for wealth destruction when idiots like this get to run an exploration company. With Bankers, brokers and accountants it’s all about the deal, churn and onto the next play thing. What the industry needs is to cut rid of the dead wood and ensure the capital flows into the right places with the right people. Remember ultimately the money the funds/brokers etc use comes from individuals. Truely these parasites get away with rorts all whilst sypthoning money to themselves and their cronies. Yet the system goes on. Instead of trying to change this corrupt system most individuals want to join it hence the 500 or so junior resource companies on the asx alone. Of which 90% plus will be gone in under 10 years with your money in the pockets of others.

AMD will be joining this list eventually at which point the board will find more suckers to pay for their lifestyle. Wake up shareholders.