kim stanton - cook 5 yr performance review

Hi Asicwhereru,

I do not think Kim Stanton-Cook has had his "Performance Review" completed over the years and thus I will provide some facts and I will leave it up to you to do the review.

Cookie commenced his employment at GCR effective 1 March 2006 when the share price was 10.8 cents. The ASX announcement stated (direct quote)

"......when the Company is in good shape with 4.7 million in cash and a potential major project on its hands at Copper Hill"

A snap shot at the time of Cookie tacking over is;

1. Fully Paid Shares 356 million
2. Options 109 million
3. Cash at 31 March (one month in) $4 million
4. Price 9 - 10 cents

Well as of today Copper Hill is still the "Story" and cash is double the amount at $8 million.

However under Cookie this has occurred.

1. Fully Paid Shares 1.361 Billion - 283% Increase - Scary
2. Options 454 million - 317% Increase
3. Cash 8 million
4. Price 1.5 cents.

Further Cookie owns just 300,000 shares ($4,500 worth)and as per the ASIC Regulated Annual Reports Cookie has Banked;
1. $76,217 to June 2006
2. $203,300 to June 2007
3. $216,424 to June 2008
4. $222,175 to June 2009
5. Assume Just 2009 Base $190,750

TOTAL $908,866

The Directors of GCR need to do a review as I am not sure that my interests are being looked after.

Over to you guys to complete the "Performance Review"