Australia's largest stock trading and investment forum Australia's #1 stock forum

PRL

Click for more information

0.00%

4.1¢ province resources ltd

Ann: Half Year Accounts, page-11

First 11 Last

Share
Profile

Follow
samxue1979

577 Posts.

18

15/03/22

18:44

Post #: 60208288
Share

Originally posted by camban: ↑

From the last annual report:

So it includes all salary & wage expense, salary packaged expenses, motor vehicle allowances etc. IIRC we’ve made a number of new hires in the past year too, all of whom are on pretty solid salaries. And share-based compensation in lieu of cash is still contributing to a loss to the business and a cost to us - in dilution and liquidity (as much if not all of it is not escrowed)! It’s arguable which is worse lol - the company is already on a creep towards a billion shares on issue. We’ve got to spend money to make money, yes, but things can easily go from reasonable to ridiculous in this stage of a startup’s evolution and I guess that’s my point.

I think by now the company should be better communicating value to shareholders so questions and criticisms like mine don’t arise i.e. basic regular news flow/shareholder updates. I had hoped with Roger Martin joining the board we’d see better comms by now.

Expand

Very good point.

PRL Price at posting: 8.7¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

There are more pages in this discussion • 7 more messages in this thread...

First 11 Last

Add PRL (ASX) to my watchlist