CVN 0.00% 17.0¢ carnarvon energy limited

Ann: Management aligned to strategy and Company Secretary change, page-2

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  1. 2,891 Posts.
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    imo a 5 year term is excessive, should have been 12-24 months. Also paying him about 200k/year more than we have to, it's a simple sale that's required not management of a large team for years. 9 month notice period could also lead to an excessive termination payout.

    Incentive here is to drag the Dorado monetisation out over a period of 5 years, and rights vest after a 20 day vwap over 30c so no incentive to push the deal over the line in a hurry. History repeating.....? (of snouts in the trough)

    Where is our update on the monetisation of Dorado!?
    Last edited by ProPunter23Red: 26/04/24
 
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