You are a verified encyclopedia..........love your work.The notes for short term incentives say no bonuses were paid during the financial year. So perhaps these are future bonuses that have just been recorded in the 22/23 financial year for accounting purposes. Not really sure how that would work for short term payments but it's possible so I'm willing to give them the benefit of the doubt for now.
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Clearly there was no ML before June 8th. And I sincerely doubt there was between June 8 and June 30.
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Another thing that has gone up is directors insurance
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From last years AGM:
Q: Directors insurance going from 90k to 500k, why?
A: No claims against us, the rise is because we’ve developed size wise. It’ll rise further when we’re developing.
Does anyone think we have developed double size wise in the last 12 months?
How about 10x in the last 2 years?
So on top of the 2.1m we are paying them we need to pay 1m inc gst to insure them. No doubt some of the premium increases are due to rising insurance costs generally but it doesn't fill me with confidence that the insurance company sees so much risk here.
Speaking of risk there are some very alarming comments about raising capital in the going concern section. One of the main reasons I am so fucking pissed off about these pay rises and bonuses is that if we run out of cash while in suspension then the dilution needed to raise cash will not be pretty. I really don't think it is in long suffering shareholders that don't have access to their money's best interest to have potential dilution brought on quicker unnecessarily by greedy directors.
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Now that the spring carnival has officially kicked off in Melbourne, can I have a quaddie on the following:
By the looks of it on the crapper, you and others have already given the fucker a warm welcome.....Guys, be mindful of Morningsuit5 on HC and Calling on Governance on X. Reckon it’s MMGA scum in disguise.
To clarify this, some members of the BOD have been considered amongst the best paid on ASX precisely because of the performance shares. The salaries themselves are not particularly unusual.View attachment 45977
WTF …BoD amongst the best paid on ASX …then expect Performance Shares & Bonuses for doing their job …
Salaries of between $240K to $400K …then throw in expenses +Bonuses on top …thanks for the clarification …not bad coin…honestly my heart bleeds custard for these so called forward progressing /secretive pricksTo clarify this, some members of the BOD have been considered amongst the best paid on ASX precisely because of the performance shares. The salaries themselves are not particularly unusual.
AgreeIts a pity this poster is not a TSE member............
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Talk about a diamond in the proverbial ............
Felix may have 40,000 soldiers, but that aint helping win the war, not even close....
Felix has an army of 40,000 soldiers. I am sure this will help his chances of re-election. The soldiers need to be paid!
To clarify this, some members of the BOD have been considered amongst the best paid on ASX precisely because of the performance shares. The salaries themselves are not particularly unusual.
Salaries of between $240K to $400K …then throw in expenses +Bonuses on top …thanks for the clarification …not bad coin
Great cherry picking seeing that theres almost 700 mining companies on the ASX with a majority being juniorsYou need to do your research properly this is POS a junior Australian company with a share price of 0.019 cents and a market cap of $70.45M and this is the MD Mr Harold, MD earning $550,000 per year
Mr Shalders, CFO $340,000 10.5% No fixed term 3 months notice &
termination payment
$300,000
Mr Jones, GM Mining $350,000 10.5% No fixed term 3 months notice &
termination payment
$350,000
Mr Maxton, Project
Director
$340,000
Now this is a junior nickel miner their remuneration is on the high side and there are many others on the ASX who command higher
I was actually agreeing with you Geo, for once, if you read the post. On the higher end for an explored-cum-developer but not unusual. I don't take issue with actual AVZ salaries.You need to do your research properly this is POS a junior Australian company with a share price of 0.019 cents and a market cap of $70.45M and this is the MD Mr Harold, MD earning $550,000 per year
Mr Shalders, CFO $340,000 10.5% No fixed term 3 months notice &
termination payment
$300,000
Mr Jones, GM Mining $350,000 10.5% No fixed term 3 months notice &
termination payment
$350,000
Mr Maxton, Project
Director
$340,000
Now this is a junior nickel miner their remuneration is on the high side and there are many others on the ASX who command higher salaries.
The destruction of shareholder value through dilution to maintain this business model is insane. At least holders of POS are free to sell if they aren't happy which they have been doing in droves. Although those remaining now have a BFS and clear potential of generating income as consolation for their current unrealised capital losses.You need to do your research properly this is POS a junior Australian company with a share price of 0.019 cents and a market cap of $70.45M and this is the MD Mr Harold, MD earning $550,000 per year
Mr Shalders, CFO $340,000 10.5% No fixed term 3 months notice &
termination payment
$300,000
Mr Jones, GM Mining $350,000 10.5% No fixed term 3 months notice &
termination payment
$350,000
Mr Maxton, Project
Director
$340,000
Now this is a junior nickel miner their remuneration is on the high side and there are many others on the ASX who command higher salaries.
We have the AEC he doesnt. Need a system of control come election time. I guess we will see. Love your workFelix may have 40,000 soldiers, but that aint helping win the war, not even close....
So not sure that helps his re election prospects one little bit to be honest, dismal failure going by the link below
Conflict in the Democratic Republic of Congo | Global Conflict Tracker
Learn about the world's top hotspots with this interactive Global Conflict Tracker from the Center for Preventive Action at the Council on Foreign Relations.www.cfr.org
According to insiders in Washington, there is an explanation for this leniency: the US has an agenda. Indeed, the United States is prepared to turn a blind eye to hastily organized elections in the DRC, however contentious, and will fund them no matter what. In return, however, Washington expects Kinshasa to subject the export of raw materials such as cobalt, copper and lithium to China to significantly stricter conditions.