They're cleaning up the share register to reduce overheads -...

They're cleaning up the share register to reduce overheads - they literally announced that today. They recently hired one of the most qualified metallurgical engineers with graphite experience (Michael Chan) and now I imagine that they are working on downstream processing, the marketing joint venture with MIN and probably have an eye on new materials opportunities.

They are entitled to have a beer and a meal. A wage (even an executive wage) is nothing compared to what these guys can earn with the success of HXG share price. Management are only really at a break-even point at the moment when you look at their incentive options. Only the 1st KPI has been met and yes it is slightly "in the money," but there are 3 tranches and not enough volume to really profit from selling at this point.

Next you will be whining that they are earning 6 figures when the share price goes up. We're getting plenty out of the deal - it's not bad for shareholders at all.