RXL 3.70% 14.0¢ rox resources limited

Ann: Annual Report to Shareholders, page-26

  1. 1,724 Posts.
    lightbulb Created with Sketch. 2080
    He is too busy counting his dollars, but he shouldn't be that busy, because he can't be worth $800k.......

    I did a quick look at some ASX contemporaries (MDs), and RXL is a $127m market cap (mc):

    Sam Riggall CLQ mc $246m salary $435k (not a goldie but much larger mc)
    Dan Clifford AMI mc $458m $412k (AMI are profitable producers + explorers)
    Paul Criddle MZZ mc $73m $306k
    Mark Zeptner RMS mc $1.74b $550k (Ramelius are mid tier gold producers)
    David Reeves CAI mc $187m $240k (CAI similar resource to RXL but currently well
    advanced toward mining and plant)

    Alex and RXL are not presently in the same league as some of the abovementioned, and $800k is well beyond what he deserves, unless he has something amazing up his sleeve.

    But I haven't seen anything recently to support his high rewarding wage. I live in hope, but even if RXL were doing considerably better $800k is way more than Mark Zeptner is getting over at Ramelius...........draw your own conclusions.
 
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