From the chairmans address: "In what has been a difficult year...

From the chairmans address:

"In what has been a difficult year for listed junior gold companies, controlling costs has become ever more important. To this end, the Board, including the Managing Director, has adopted a 15% reduction in fees or salary, and no short term incentives were paid to staff in FY13. At Henty, a range of initiatives is underway to improve efficiency and reduce costs, all aimed at maximising cash generation in the coming year."

The paycut is a welcome gesture, better than I was expecting tbh. Maybe we will see directors buying now, I'm not sure if they would have been able to prior to the AGM.

Any increase in future cash they can wring from Henty will likely hasten CBA financing sign off. They must be fairly confident to even mention a timeframe ("Targeting credit approved offer by the end of the year" - next 6 weeks really)