Ann: Annual Report 2020, page-13

To John's defense, $120k for Chairman of a small cap is solid but not outrageous. $49k of that is for consulting/advisory services likely for financial modelling as per note 26(b).

My personal view is that director's take a lot of risk for their pay packets but at the same time a lot of them use the portfolio approach where they pick up $60k per appointment across say 5 appointments. These guys are the lifestyle directors so you can't expect to be paid as an executive.

Back to why hasn't John bought any stock. IF the strategy of TNG is to become a 'technology' company, that doesn't necessarily mean Mt. Peake forms part of the picture moving forward. That might see a similar outcome to IGO's acquisition of Sirius' Nova nickel deposit pre-development and the demerger of S2 Resources where in TNG's case, a buyer may come along and take Mt. Peake/TNG and we shareholders approve the de-merger of TIVAN Corp. That's done through a scheme of arrangement where you want absolute independence from a transaction perspective with your recommendation. A possible reason but perhaps wishful thinking!