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3.70%

2.6¢ hawsons iron ltd

Ann: Change of Director's Interest Notice, page-17

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ktex7

1,910 Posts.

455

14/12/23

19:29

Post #: 71456662
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Originally posted by That Fundamental Guy: ↑

I had a random thought the other day and just did a little research to confirm that thought.

JK was appointed non-executive director on 10 May and Chair on 16 October. The salary for non-executive char is $50,000 per annum and Chair is $70,000 per annum. Therefore, come the start of December when JK bought these shares, the before tax salary he received would have been around $25,000, maybe a bit more.

The 300,000 shares he purchased for $12,617 would therefore approximate the after tax salary he has received from Hawsons since he was appointed a director.

Therefore, JK is effectively putting himself on performance only remuneration for his time so far (and from his knowledge of the project at the AGM he has clearly been putting in the time, not just rocking up to a meeting or two). It would be nice to see further purchases but I suspect there would be few periods when a director can buy on market, the period just after an AGM being one of those periods.

To me, a chair who is willing to work and only get any real remuneration if the share price does well is someone who is willing to back himself and the company. Very happy to have JK on board.

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Random and extremely valid point.

HIO Price at posting: 4.1¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 2.6¢		Change -0.001(3.70%)		Mkt cap ! $26.23M

Open	High	Low	Value	Volume
2.7¢	2.7¢	2.6¢	$29.52K	1.131M

Buyers (Bids)

No.	Vol.	Price($)
8	734440	2.5¢

Sellers (Offers)

Price($)	Vol.	No.
2.6¢	208171	4

View Market Depth

No.	Vol.	Price($)
8	734440	0.025
5	697707	0.024
6	959758	0.023
2	130000	0.022
2	2904761	0.021

Price($)	Vol.	No.
0.026	208171	4
0.027	434335	3
0.028	2127219	5
0.029	1143774	5
0.030	275613	4

Last trade - 12.41pm 12/07/2024 (20 minute delay)

HIO (ASX) Chart