annual report

I did read the annual report on the net, but yesterday received my very own printed copy in the mail.Wow what reading with the caption on the cover "Moving Forward".
What else can they do, they nearly drove the company out of exhistance. Interesting though that over 6 million spent on drilling holes by a company of which the Chairman is a Director , more interesting is that production costs are not exactly given in the report , even though throughout the year we were told they were dropping or improving. The loss of 16.4 mil on the olympia debacle and the further losses with Monarch of over 20 mil really makes one wonder how a board can now expect us , to approve salary increases.
Just one more thing if one divides the total sales revenue by the total tons shipped it again shows that production cost are higher than advised by the company.