what a well paid bunch they are.., page-4

Hi head,

Unfortunately, it was worse. $1.97 mill paid out to directors/exec's..

Out of $3 mill cash burn for the year, 66% went in wages...

Anyone else see anything wrong with these numbers??

At least we still have 5.7 mill left, 18 months before we need to cough up again..

There is no way we will be producing in 18 months of course, and I wont be sticking my hands into my pocket to fund over paid execs, so they better find something fast or I expect they will be floundering this time next year.

Have pasted the directors renumeration report below, sorry about the formatting though.

TCG


Directors’ Report NUPOWER RESOURCES LTD
ABN 91 120 787 859
FOR THE YEAR ENDED 30 JUNE 2008
8
REMUNERATION REPORT 2008(AUDITED) (CONTINUED)


Options Total


Non-executive directors
directors fees super wages TOTAL

IG ( Mick) Muir 88,000 - - 7,920 - 95,920

IJ Kowalick 48,000 - - 4,320 - 52,320

Executive director
DR O’Neill - 255,000 - 19,800 298,022 572,822
Other company
executives
GJ Lockyer – Company
Secretary
1 July 07 to 16 March 08 - - - - 473,418 473,418
AA Schildkraut-Company
Secretary^^
17 March to 30 June 2008 - 98,500 - - - 98,500
Other key management
personnel
WJ Rafferty – Exploration
Manager^ - 165,000 - 14,850 474,612 654,462

Total 136,000 518,500 - 46,890 1,246,052 1,947,442