Firstly, my director has 27 years mining and project management in China and Africa, working with numerous ASX and LSE listed companies, and is now preparing for another new venture of his own in the ASEAN, so I would assume he does have at least one or 2 runs on the board one would hope.
Certainly more than I.
Regarding Smith's current remuneration, the last annual report in September '22, noted entire earnings, including Super, of $716 388, of which some (29% was tied to KPI's which are somewhat opaque , at best) , for what appears to be around 1 day per fortnight, as a result of his other board commitments. ( I posted this breakdown a while ago).
Regarding the analyst questions, Smith did NOT intimate that he did not have the data at reach, but flatly refused to do so, with NO reason why.
It's an AGM , and a simple explanation would have sufficed.
If guidance and other protocols would been crossed, then by all means outline them, and give a time when the data would be released.
If the broker does send an email, would this not afford him sensitive data by default anyway, that is then not available to the market?
As this was the only broker in attendance it seems, and he was literally dismissed, this did not reflect positively on the company in general.
Not exactly a favourable reception ,given that he was the only analyst that actually turned up and listened.
I can't see too many recommendations coming from any other broker or fund managers, any time soon..
As a shareholder too, with numerous HINs, I too would have liked to be informed, especially since I help pay his "less than half a million" salary.
So, yes, I may be somewhat frustrated, but I believe have the right , especially with the batch of insipid, non-i formative quarterlys, and other announcements that we are given.
I too would probably voice that of other shareholders on here as well, perhaps??
Regarding the inflation linked AISC variances, exactly WHAT Inflation?
Energy is down to sub $80/US.
Services? Perhaps. So how about outlining where?
COGS? Sure, but what?
Wages?
Maybe, but we are taking about Western Tasmania, where wage growth vs employment shows that any investment into jobs is well received by the locals, and wage demands are limited.
To be honest, just outline the costs, and stop using it as an excuse.
Anyway, we should ALL be on the same team.
So far however, my take is that there are 2 teams, and one is getting fgukd over, in order to profit another, without any recourse.
As I keep saying, please prove me wrong Metals X!
If I am, we ALL stand to gain handsomely, so it is a win~win for everyone, including the board.
As you do wisely say however, beating it up does us no good.
Unfortunately, I can only go 2 rounds with my wife before she knocks me out, and I'm too slow to kick the dog, so my frustrations go unrealised! ;P
(20min delay)