I find it deplorable that a company like this with as little activity as they have and less direction can justify the salary expenses shown in the quarterly. It does not matter how much work you think you are doing it matters what you are doing for the shareholders who employ you. It is crass and in poor taste and as managment go I think that we have seen limited success from this team. $53,000,000 of shareholders funds almost gone. I'm not kicking them while they are down, they are doing that to themselves. When my broker rings me and says "hey, we are doing a placement for an exciting Perth Basin focussed company I will be hearing "we are raising $3million etc etc to pay salaries". You know it's coming. Unless of course the current trend of 249D notices ( as in PYM's case today) gets hold of them first which wouldn't surprise me at all.
NWE Price at posting:
0.4¢ Sentiment: Sell Disclosure: Not Held