Ann: Appendix 3B, page-22

RM takes out of AVQ $257K, by cashing out his leave (AVQ must have a great leave entitlement policy to allow that to happen, as most companies will not let an employee do that), then he puts back in $200K, which he will take out of the company again through this ridiculously high salary. In the meantime he has lost his best resource, has drilled out a sub-economic resource at San Jorge, and the share price is testing lows again. You have to give RM credit for doing all this and still being able to convince the shareholders that he is the person to lead AVQ. It is amazing the shareholders did not vote to remove him after Kolosori was lost, having spent +$12M on it.