Ann: Appendix 3B, page-14

A quick glance at the top 20 will show directors and the past MD are prominent .... because they have received their shares as remuneration at 'industry standard' reward rates for the last 6 years ..... which are generous to say the least. Other than a small parcel bought some time ago by the chairman, none of the other board members have bought on market .... a metric closely followed by the market .
I know Dingo et al will leap to the defence of Simon & the board .... there's no argument that Simon has made a vast difference compared to his predecessor ... not hard .... but the bulk of the board are passengers who need to be replaced with more dynamic contributors like Simon, and a cornerstone investor, which Blue Bird is not.
The idea that Cannon UG mine development can be 'moth balled' is ridiculous ... if its feasible, then it should be developed ASAP to create a source of cash flow ... the remaining $5m will dissipate quickly without it, and then the prospect of debilitating CR will become inevitable. A 'mine' in the hand is worth 2 in the bush.
The JORC for Cannon should be announced ASAP to maintain momentum, and SP appreciation.
The Korean dream factory will take years, and until some real results emerge, the market at large will continue to ignore it.