One speccie I follow had $24,000 in travel expenses for the year.
Their resource is in Mali.
If you think $116,914 in travel expenses is appropriate for what the company undertook for the last 12 months then good luck to you.
Seriously, how did they spend so much money in travel for 12 months?
Where did they fly to during the year that cost so much money?
Did they even do a roadshow?
This company is good at one thing, spending lots and lots of money and then asking for more while sitting on their hands doing nothing. IMO.
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