I hope you're correct. I will keep an eye out around the 23rd.
$400k-$500k each and every quarter on admin?? I wonder what will happen when the well runs dry. You would think the directors will eventually pull something out of their bag of tricks seeing they own 40% of the company.
Go back this time 3 years and the quarterly shows US$13.5m cash. It is now $US$5.5m, pretty much all spent on admin!!! The only thing these directors have done correct is park the cash in USD$ as when translated back to AUD$ the cash levels gets a nice kicker!!
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I hope you're correct. I will keep an eye out around the 23rd....
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