agree with a performance based (KPI) incentive to...

agree with a performance based (KPI) incentive to directors:

perform well and reach pre-defined targets and the reward is yours
if not the base salary will have to do


as for the 15% rule: that is ASIC regulated, so to prevent further issuance within the current period we need to vote that one down

agree that by now FML needs to be able to project capital needs and make reasonable provisions for that instead of going continually to SH or perform CR's
(mostly with oppies thrown in that SH never get!)

The biggest question for me is:

Can FML clearly delineate the new business model (incorporating the rescue of CRE operations and streamlining thereof) to remain profitable and at what level of POG is that projection.

Looking backward (as you pointed out) their solution of "budget containment" appears to have been re-deployment of funds that where ear-marked for different projects.

Will the "new" business plan (which clearly has to return FML to profit and retaining that profit ) allow for further exploration and development at
a: Greater Koolgardie
b: TI and Lake Cowan

and if so to what extent

does the new business plan provide sufficient capital for pit development and optimisation as previously announced