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Ann: June 2014 Activities Report, App 5B and Tenement Information, page-5

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The Captain

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04/08/14

09:05

Post #: 13762748
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Originally posted by tobyjack ↑

Estimated Administration expenses for current quarter ( Q3 ) = $1million - seems high?

I guessing a chunk of that will go towards Stephen Promnitz's termination pay. He is required under his contract to be given 6 months notice, or payment in lieu thereof, if I remember correctly. Assume he won't go for unfair dismissal?

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Termination pay is when you are asked to leave - as far as I read it, they quit. Why should quitters get more coin, tell em to rack off!!!

IDC Price at posting: 2.7¢ Sentiment: Buy Disclosure: Held
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Ann: June 2014 Activities Report, App 5B and Tenement Information, page-5

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