Ann: Icon Energy Ltd 2013-14 Financial Statements & Reports, page-8

Kelsie, I never get involved in commentaries about remuneration except to say that all remunerations and incentive bonuses are declared and have been approved at AGMs.
I'd like to take at least one point that has not been posted that Icon now has no debt and has fully paid for the building that it occupies, valued at over $5 million. Nice buy Ray James!!! Increase in value to the company (it was purchased for half the cost of construction) and no further repayments, or need to pay rent. That very prudent purchase alone has probably repaid Ray James's "cost" to the company for the past couple of years and for years to come. And he is also the resident Geologist, which is included in his total remuneration package.
Also securing that $18 million loan at a premium of over 70% in a most difficult market, which has enabled Icon to stay in the game and be able to fulfill its financial obligations to the end of the next testing programme. Thanks Ray.