Nice analysis mate, its good to see some holders can be...

Nice analysis mate, its good to see some holders can be objective and not get defensive.

I was looking to get in for short term trade but the remuneration packages is a real red flag, I mean in addition to the 3.6 mill paid out last year to management and directors, now with Luke Anderson:



These salaries are exhorbitant and well above industry standards especially when the company is cash strapped with a low market cap, basically only enough cash to pay themselves, with a current burn rate of around $2.5 million a quarter, and the company likely not going to get much more from the placement, and having to release shortfall notice or extension in coming days.

Im sure there will be some good trades to be had in the coming months, but long term I would say isnt looking the best, if they can barely raise $6 mill to pay themselves at these prices, whats going to change to get the funding to get the project up and running?