I attended the meeting this month and remember clearly 2 points.
1 Andy Czerw stating the BFS would be completed (assumption=by him)on time. The Chairman stating he had great faith in Andy Czerw and had encouraged him to throw his hat in the ring for CEO position.
If we have someone who is confident of doing the job on time ,is already doing the job and has been publicly endorsed by the chairman as competent to do so , then why do we need to pay someone else an EXTRA $200K when the job is completed. Surely it should be part of Cordins job to do this anyway. It is not as if he is not getting paid to do this work
He is getting the equivalent of $750k p.a. To get the equivalent of $500k pa extra if a job being done by someone else is completed needs a bit more explanation than this. My sentiment remains buy only because of the strenghth of GR resource
TAM Price at posting:
53.5¢ Sentiment: Buy Disclosure: Held
