over 3 million pulled out in directors fees

Nothing else to discuss now this could be idle until September so how about this....

Has anyone else seen such a large director/KMP bill from a company which is mostly idle on the project front, currently has no clear pathway to development and trades below cash?

3.2 million in fees and entitlements for the 2012 fin year which was up close to a million from the prior year!

Why haven't they cut this back by 70% given the share price performance and lack of project progress? Surely it's not enough just to let staff go in the Philippines?

13 people in upper management in that report and one winders what they do all day. Not much is my guess.

Over 600 grand for Laufmann alone.

Clearly there is no incentive for directors to sell the project and put themselves out of work, so the idleness and waste continues.

My mind BOGGLES at how much money has been wasted on this project over the last 10 years.
Are they aiming for the two decade mark?