news out , 10 for 1 split , page-89

$10k a day! I'm sorry but that's just plain wrong for a non-producer. It's not really responsible stewardship of our company IMO. This is burning cash to an extent in a nightmare economic environment where project funding is very difficult to attain and which would currently be better off being utilised for drilling activity and firming up of a JORC resource. I know PJ pulled off a nice deal in his prior employment but I don't believe that warrants such an inflated pay packet at this stage in RES's lifecycle. His salary should be currently geared more towards the achievement of performance milestones with the fixed salary component increasing in correlation to progression towards completion of BFS & the achievement of a mining licence etc. It's not like he can't afford his mortgage payments with the T/O money he would have pocketed previously!

I'm an accountant for an ASX200 company where our CEO's fixed salary component is probably less than PJ's and we are a highly diversified company generating multi-revenue/profit streams. I'm now seriously thinking about resigning from my job & working for RES as a toilet cleaner where it sounds like I might well get paid more than I'm currently on based on the dosh there throwing around! LOL