I suppose this could be passed as continuous disclosure, but it...

I suppose this could be passed as continuous disclosure, but it has no real significance - except maybe it does demonstrate the company is doing very little actually work of significance and is clutching at straws to keep the company in the news.
I sold out when I realised how much the MD was raking in yearly, with little to show for the company in terms of actual value for ALL shareholders. Based on the Annual the MD will take out at least half of the recent capital raising, but because the company is paying him a 12% rate of interest he's not due to be paid out from cash available for at least another 12 months.
Unfortunately that doesn't pass my 'pub test', so I sold out.
The unfortunate part is that the company may indeed have a very desirable Mg project, but I'm not sure when it will ever translate into ALL shareholder value.
I will continue to monitor the company from the outside, because of the Mg project, but will be very careful not to get caught out again with the 'interesting' trading activities.