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0.00% 4.2¢ olympio metals limited

Desperately searching for positives - tax offset?, page-22

  1. Kiwiguy777
    232 Posts.
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    10/03/20
    16:45
    Post #: 43410111
    I asked an insurance broker (in NZ, given CLI is a NZ company) about both the recommended and common levels of directors' indemnity cover for directors of a listed company.
    Their recommended rate is NZD$5M per director, but he's seen directors take $NZD 2-3m though.
    I've not been through all the threads about a legal case lately.
    But even NZD $2M x 5 directors makes it a prize worth fighting for (about AUD$9.6M).
    CLI Price at posting: 3.1¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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