Remuneration Drain

No license means no mining, no production and no income. In the meantime current remuneration drain means big cash problem next year.

From the 2016 Annual Report:

Executive Directors:
Justin Richard $608,321pa
H. Shanker Madan $77,220pa
Atmavireshwar  Sthapa $181,374pa
Non-Executive Directors:
James Phipps    $72,977pa
Vikas Jain   $11,806pa
Company Secretary:
Elizabeth Hunt $111,947pa

And from the last quarterly:

OPERATING COSTS

Overhead burden is being reduced through tight administrative management and cost sharing arrangements with joint venture partners.

I would prefer to read something like this ( Trek Metals Ltd - latest release - Director Remuneration ):

The Non‐Executive Directors of Trek are fully committed to the successful restructure and  redirection of the Company and continue to perform their duties unpaid.

Managing Director, Bradley Drabsch has agreed to a 20% reduction in fees, to $160,000 per  annum, as the Company remains focussed on maximising the amount of money available for  investment in the Kroussou Project.

Lets hope "Operating Costs" show a little more depth and detail in the next quarterly.