Ann: AGM Presentation, page-19

the admin fees aren't broken down so I can't comment on why they are assumed to be high without a list of reasons but a busy bee will spend more than stagnant queen.
the high costs have been explained with one pump down and repair costs to same.a one of so no longer relevant but till we see the dec qtrly I believe we should all stop guessing for now and wait and see.
either way still way undervalued with a valuation of 40cpsh. not much on offer so no resistence back to 20c then watch out, it will go! they will pounch sooner than later.