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clock Created with Sketch. 18/04/23
15:47
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Originally posted by Rattlerock
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Sundance Resources (iron ore), as many here are aware were stripped of their ML through a ministerial decree by the DRC and ended up getting delisted by the ASX. "Sundance told the market today it had taken further steps to minimize costs, with the cash component of the managing director Giulio Casello's annual salary to be knocked down from $647.000 to $165.000. Chairman Wal King's pay has also been cut from $139,000 to $60,000, while Sundance's other executives have agreed to substantial salary reductions " NO leadership in this respect? the company has no income! cash reserves are depleting fast! through all this they've made ZEROEFFORT to reduce the management team salaries and send a positive message to shareholders. They instead have chosen to keep their heads firmly in the trough.
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You do realise that Sundance lost their mining license in Congo, not DRC right?
