Exec's performance rights

Teo rewarding himself and other exec's with 167,00 free performance shares when they are very well paid already. No mention again of dividends for shareholders who have not been paid all these years whose shares have gone down massively in value and watched the cash pile grow to $31 million whilst the company stays stum about any dividend policy because the directors hold only token shareholdings, if at all.

Performance shares for what? Exploration failure in Q'ld could have been easily predicted and was confirmed in this period after wasting much time, effort and cash. Before that, the Cambodia exploration option. Where did that go?

Teo has no clue. No clue whatsoever. He runs the company like it's his private empire and shareholders don't exist or don't count. Where is the accountability? There is none.

Performance rights for not performing, for not doing any PR to promote the company last year, for sitting in his air conditioned office in Perth looking at a blank piece of paper which is the company's development plans. What a joke.

Notice the ever sly Teo puts this news release out on a Friday afternoon to attract no attention. The ever predictable Teo thumbs his nose at us all at every opportunity and gets away with it.