Ann: Flinders appoints Managing Director to develop PIOP, page-2

Wow, something is happening (or should I say has to)
Firstly it is interesting that we have hired someone on a share based incentive basis, something unthinkable in the old Todd "private company" thinking.
Mr Michael is on $527,500pa Plus STI payment of 30% just for attaining some KPIs (which are not public) with the possibility of getting 50% as a bonus payment simply at the boards discretion!! So salary will no doubt ne in the realms of $750,000.
He also gets 500,000 shares for free which are obviously geared to ensuring his employment for the next 2 years.
On top of that he has the ability to earn 4m shares for free on achieving certain milestones which again are not made public.
Also Andrew Whitehead is to stay on which will enable him "to dedicate greater time and resources towards project
development initiatives." so along with our new CFO our wages bill is going through the roof.
Steven Michaels history is interesting. As noted his recent major deeds were the merger of Vimy with Deep but before that he worked for FTI Consulting where he specialised in "economic evaluations, feasibility studies and project financing of mining projects across multiple commodities and jurisdictions."
His profile also notes : - With expertise as a mining equities analyst and investment banker, I have successfully led capital raisings, acquisitions, investor relations, project farm-in/out joint ventures, and asset disposals across a range of commodities and locations.
So, it looks like he doesn't have practical experience developing mines, but has expertise in finance and deals. Looks to me like he is charged with sorting out a JV deal or even dare I say perhaps an asset sale / merger etc................!!
He certainly has the incentive to get something done.