An 8% increase, with 87% bonus retention for 50% base salary bonus? And that's without all the other perks. The boys club strikes yet again.
All jabs aside (not quite),
Revenue of 255.5m, with an EBITDA of 87.9m (ouch, margins), and a final profit of 16.2m (almost 15% of this is going into the pockets of directors!).
Props to SLR for hitting their targets, perhaps it is deserved, but I don't think they will have another year like this again. Next financial year AISC is projected to be $1350-$1390! That's one hell of a squeeze in the current climate (perhaps this will change? perhaps not). And that is with lower guidance brackets. That AISC needs to come down, big time.
Perhaps I'm being too harsh, but it feels like they are definitely keeping their own interests very, very far ahead of anyone elses.
SLR Price at posting:
51.5¢ Sentiment: Sell Disclosure: Not Held
