I can't believe some of the full-year numbers in this report:
Employee Benefits/Super: $3,434,000 ($66,000/week)
Auditors' Remuneration: $114,000
Admin Expenses: $3,132,000 (of which $1m is "other"????)
And what about the rent expenses: $600,000 ($50,000 per month... that's $12,000 per week). Must be A grade premises. Do they have that in the SI's? Surely the QLD premises would be merely a small office suite right??
This is an obscene amount of costs for a company that is doing nothing!!!! Drilling a few holes!!!
AVQ Price at posting:
16.0¢ Sentiment: None Disclosure: Held