Ann: Half Year Accounts, page-3

It's pretty standard. Found another one that spent $577k despite spending NOTHING on exploration.
Yes, you could run a company like this for $100k a year, but why do that when you can run it for $800k a year. They ALL do it. They learned the fiscal style from our 'lifestyle governments'.

Maybe the buying is for the Copper porph. Looks like a good punt but seems very odd to be buying on market when you can just pick up the phone and offer money to management and probably get more stock issued for a 30% discount. I mean... buying on market!!! WTF does that these days? That is not what public markets are for. They are there to keep on issuing discounted shares.