Ann: June 2015 Quarterly Report and Appendix 5B, page-9

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30/07/15

17:23

Post #: 15723163
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Originally posted by sharks37 ↑

Doug, its good to see SSN hanging in there, but you make a very good point. Perhaps since SSN's SP has followed a similar trajectory to PDN's, management could follow the lead set by PDN's management, and I'm quoting a post from Jackpot who posted this about PDN in response to their cost-cutting announcement today:

"Reduction in Payments to Management, Directors and Staff As part of the 35% reduction in corporate costs, Paladin’s management and staff will take a 10% salary cut (in addition to the previous 10% salary cut affecting senior management) and the Board will further reduce fees payable to the Non-Executive Chairman and Non-Executive Directors by 20%. In addition, the Managing Director has offered, and the Board has accepted, a further 20% salary reduction. Previously to this, the salary of the Managing Director had been reduced by 35% and Board fees reduced by 10%".

Cheers, Sharks.

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Management is worth every cent, and more, if they can find commercial quantities of oil in Hawk Springs, imo.

The suspense over Bluff and SOA2 is killing me.

SSN Price at posting: 0.7¢ Sentiment: Hold Disclosure: Held
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Ann: June 2015 Quarterly Report and Appendix 5B, page-9

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