Tim and others have taken literally millions of dollars from the company over the few years, not only that got to travel all on company accounts for 'business trips' in Europe. Infact most of the money raised has gone to management, not to drilling or plants.
Some will say we have made great progress, but really doesnt matter how many likes hotcopper posts get on how well the company is doing, market talks truth.
Amazing how many companies can copy and paste the same story , can literally copy and past the same scenario into hundreds of companies on the ASX, management really hardly anything getting done, paying themselves 100s of thousands a year, for years and years, when there are too many shares on issue , they consolidate, name change, and raise again, and do the whole story again. Would be nice to have a gig like that, $200k - $300k a year plus boozy business trips at nice hotels, for life, sign me up!
IXR Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held
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