This is barely a $70 million dollar market cap company. Outrageous pay. Remember that the MD sold $15 million of his holdings a couple of years back and has put but a fraction of that back into the company.
The Media really need to get over the sound bytes they are fed by the PR machinery. $200k of his own money into the raising - big deal - $670 straight back out this year in salaries alone in addition to the $15 million he cashed out during the boom.
Put it out of its misery now, pay out all employee entitlements except those of the overpaid execs and put an end to all this puffery, smoke & mirrors and fees to advisors which has been the sole purpose of this recklessly managed company.
AGO Price at posting:
3.0¢ Sentiment: Sell Disclosure: Not Held
