Biggest expenditure staff and admin costs... suggest these need to be further controlled until fingers are removed from arses and the company demonstrates some value adding activity....
There never was a material O&G transaction IMO, was nothing more than a ploy to buy a little more time.
PVD MGMT will be blown away by this quarterly... their investment was money well spent!
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Ann: Quarterly Activities and Cashflow Reports, page-7
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