It's not sensationalist. You're just in denial.
That cash burn for staff costs of a company in pre production stage is incredibly excessive. Especially when manufacturing and operational costs should be your biggest expense and that's where the majority of the work is undertaken aslt this stage.
You are right though, the BOD are much smarter than us, they're raking it in and making massive money at the expense of shareholder value with very little noted progress in return.
if you're happy with your investment in this dog, or happy with the progress of the last two quarterlies, then no amount of reasoning will make you see sense.
read the quarterlies of any similar asx listed company in a similar stage of development, you'll see
the staff costs are insane at NVX.
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- Ann: Quarterly Activities/Appendix 4C Cash Flow Report
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-18
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