Hope2008, I agree with you somewhat on Directors looking for any...

Hope2008, I agree with you somewhat on Directors looking for any available options to keep the Dream going...lets check out a few snapshots...we have Appendix A - Other Expenses in the 2011 Financials. $22.9M lumped in Other Expenses we have directors fees, salaries, consulting costs, share based payments etc...In Appendix B we get a breakdown of the consulting costs...so Directors get a salary and consulting costs as toppings....Why do we need consulting from Directors again? can anyone on the know clarify? $1.3M in 2011 for consulting? I wonder how much time Mr Landau spends on CCC, with his NKP and RRS he must be one of busiest and the highest paid Directors in the ASX. JB has got his KABOOM...as a side gig....so the question needs to be asked did the advise from these consultants contribute to the $48M LOSS this year or was it all the Share Holders fault or commodity prices, market conditions etc?

$48M LOSSES don't happen overnight, Management would have taken some risks.. as some have already pointed out alarm bells should have been ringing...CFO anyone...? and the market should have been informed of the dire cash problems earlier...

Remember this announcement dated 17 May 2012...

The Company is also pleased to announce that it has finalised a convertible note facility with US based Bergen Global Opportunity Fund LP for up to A$5 million for a Columbia Option with a Mine with remarkable Margins of 75%?

If it sounds too good to be true then it usually is.
Bergin was happy enough to snap up $2.5M worth of shares at 8.2 cents or so...strange how all of a sudden an announcement off left field comes into the equation...we somehow need to diversify overseas and of all places Columbia for mines generating 75% margins?. At least the $2.5M would have helped with liquidity problems...I wonder if any money was made on the financing side of this?
Wait whooopss a month later we suffer a $48M loss....even the Edison Brokers that Conti has paid to cover them were shocked when they forecasted a $7M loss for the year....which eventuated to be a $48M loss...a $41M variance...if Brokers being paid by conti can't get it right..what chance has a normal mum and dad investor?
To cap it off, how can our new BEE partner a few months back dictate terms with upstreaming cash? when they are a MINORITY holder at 26% ownership??? when was this announced? there is $14M in CCCSA that can be used to complete Mashala Acquisition...why should Aussie Holders have to suffer and potentially fork out more cash?

PEN Revenue why weren't Investors told that this could not be touched for a year. Why was this only mentioned in the AGM? Isn't this price sensitive info?

In the recording from Aventurine, DON mentions operationally they are performing and there was talk of BONUSES? the company suffers a $48M loss and were talking bonuses?

What is the company doing to reduce that $22.9M Other Expense Line, which a majority of it is salaries, share based payments and consultancy fees? In the recent financials gross profit from mines is $12.9M only?

That $10.4M Royalty Fee why was the market informed of its material nature earlier?

So many questions...very little answers..

APPENDIX A

APPENDIX B