Director options @ 0.1cents?, page-2

The overly generous options deal makes up for his 50% cut in salary along with the other director. So in reality he gets a pay rise while the company to be languishing at 2.5c while the rest of the staff cop a pay cut.

At current price he has added $175,000 to his salary this year. At least it doesn't come from cash but it does mean dilution. I presume the same will happen this year

I just wish it would incentivise them to actually get something started.

Is there really a 9 month approval process in Thailand?
Is there really a 6 month tenure approval process in WA?

It seems all that happens between quarterly's is the writing of the next quarterly and restructuring the remuneration package. At $300k/year, thats an expense we don't need. Also considering he has other directorships going on, he doesn't spend a lot of time on Venture and it is beginning to show in the sp and the (lack of) results.

At some point, they will have to eventually put a few holes into the ground. Considering it is nearly Xmas, when everyone goes on holiday, it probably won't be till next year. That will mean another $500k taken out of the company in salaries and not invested in drill holes and the closer we will get to a CR.