conflict of interest asic, page-4

Agree Captain unfortunately this company is like hundreds of exploration companies which are only in existence to pay the wages of their directors and management. In tough times you really see what these types of companies can achieve and most cases it's sweet f-all. Time for ASIC to make it much harder for exploration companies to list, so investors have a better chance of actually making money on the stock market.

Also remuneration packages of these people should be pulled into line so they have a real incentive to achieve something for shareholders. At the moment receiving thousands for attending a few meetings a year like some directors are receiving is truly disgusting and is tainting the industry in general.

Time for a complete overhaul imho where directors are paid piss all base salaries, but receive huge amounts of options at multiple times the current share price and if they actually make decent capital returns for the shareholders they win also.