Short Term Trading - Week starting: 19 Jun, page-259

How about we add to that a list of ASX Lifestyle companies to be avoided ... Where company admin and staff costs are very high and business developement and exploration spend (in the case of miners) is very low ....

I mean check this one out :- VEC

What are these guys spending money on, $709k Admin and corp costs last qtr... and $1,169k the qtr before that ) !! ....should be spending circa 100-130k qtr max. at the stage of exploration they are at .... IMHO

... and they only spent $22k on exploration for the qtr... so as shareholders you might want to ask where has all that $$ gone