Still hold a very small parcel just for interest sake so haven't had time to read the Annual Report until now. What a fiasco! Just $600,000 in the bank after selling a major asset for $15 million, and repaying a debt of $11 million plus a major pullback in exploration. The directors increased their salaries from $592k to $620k and the executives had a great bonus with their salaries increasing from $1.126 million to $1.536 million - wow! Great rewards for sending what was once a very promising junior explorer to the brink of extinction.
SSN Price at posting:
0.3¢ Sentiment: None Disclosure: Held
