SYR 1.89% 27.0¢ syrah resources limited

Ann: Executive Chairman Remuneration Update, page-3

  1. 14,880 Posts.
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    The milking and snouts in the trough has started as I suspected it would once Tolga was no longer on the board. This current board hasn't put their hand in their pocket to buy shares on market despite the share price dropping ~50% from what the instos put in at last year and now the board has recommended a one off payment of $200,000 (effectively an annual rate of $600K) to Jim Askew in shares and if shareholders don't approve it they will pay him in cash. Disgraceful! I suspect the board thinks there is a chance this will get voted down at the meeting, hence the cash option.

    Once Tolga was no longer at the helm, this company took on a completely different vibe in my opinion.
 
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