IPB 0.00% 0.7¢ ipb petroleum limited

MR, just cross checking some of those figures you've quoted as...

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    MR, just cross checking some of those figures you've quoted as the $500k p.a base salary for 2 directors doesn't stack up to what's been put in the quarterly expenditure report.

    Last year's Annual Report states that BB is on $1675 + GST p/day on an as required basis. Meaning I'm assuming he doesn't get paid when he's not on the job.

    Check this month's forecast Q expenditure;
    Staff - $50k
    Admin - $40k

    Do those figures over a year stack up to your quoted $500k of fees for 2 x directors?
 
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