Ann: Annual Report to shareholders-QBL.AX, page-34

You are saying they spent 1 week a month travelling during the year?

Has the MDL been progressing so quickly that they had to travel every 3 weeks to the dept of mines?

Nothing has happened for 12 months, it's all been paperwork. How many face-to-face meetings are required and do those face-to-face meetings require 5 days??


If you think 2 of them spent 12 weeks travelling, then that's $25,000 worth of rent wasted.

It's clear that management have an affliction for spending money instead of conserving it.

If they are spending $116,000 in travel while they sit on their hands waiting for an MDL to be granted I shudder to think how much they will spend once actual work begins!

Sure they spent $36,000 in FY15 but they spent $212,000 in FY14

IMO it appears that they don't actually travel that much, but when they do the make sure to do it in style.

"Fake it till you make it"