I have voted but thought I'd run my own study - Please DYOR but the below may help you with questions if you are there on the day.
TB Id love to be there, but Im across the country and PH and the board havent made me rich yet and flights are at a premium so Ill rely on you until they invest in a Zoom account...
https://zoom.us/pricing and for now will stick to fighting with my keyboard.
Here are the criteria for the study -
1. Get a list of nickel explorers or miners from Market Index (note this doesnt necessarily mean they explore for nickel, one I eliminated was now a fledgling semiconducter coy) so DYOR
https://www.marketindex.com.au/commodities/nickel2.Filter for those with similar MC to POS (approx $95m to $170m ish)
3. Add in PAN data as TB talks about PAN alot even though its apples and oranges
4. Add in the annual KMP rem total and CEO Rem totals from the most recent annual report.
5. Add in some rankings for CEO Remuneration and annual SP change
Here are the results of the study:
| Code | Company | Price | Mkt Cap | 1 Year | Board and Senior Management | MD / CEO | Non Cash & STI /LTI CEO % | Non Cash & STI /LTI CEO % | CEO Pay Rank | 1 year SP change rank |
|---|
| 1 | PAN | Panoramic Resources Ltd | 0.185 | $379.42 | -21% | $2,319 | $1,250 | 48% | $461 | 1 | 8 |
|---|
| 2 | SRL | Sunrise Energy Metals Ltd | 1.99 | $178.76 | 5.9% | $1,888 | $1,008 | 59.1% | $596 | 2 | 6 |
|---|
| 3 | ACB | A-Cap Energy Ltd | 0.085 | $104.76 | -54% | $3,116 | $907 | 71% | $645 | 3 | 11 |
|---|
| 4 | POS | Poseidon Nickel Ltd | 0.043 | $131.75 | -55% | $2,024 | $827 | 22% | $171 | 4 | 12 |
|---|
| 5 | LEG | Legend Mining Ltd | 0.038 | $104.70 | -31% | $1,284 | $779 | 56% | $435 | 5 | 9 |
|---|
| 6 | AVL | Australian Vanadium Ltd | 0.031 | $125.01 | 7% | $2,186 | $670 | 48% | $322 | 6 | 5 |
|---|
| 7 | TNG | TNG Ltd | 0.09 | $124.96 | -1% | $1,644 | $523 | NA | NA | 7 | 7 |
|---|
| 8 | MGV | Musgrave Minerals Ltd | 0.24 | $129.75 | -38% | $953 | $516 | 11% | $135 | 8 | 10 |
|---|
| 9 | AEE | Aura Energy Ltd | 0.28 | $143.20 | 19% | $1,280 | $506 | 94% | $475 | 9 | 4 |
|---|
| 10 | LM8 | Lunnon Metals Ltd | 0.8 | $87.90 | 122% | $1,126 | $459 | 34% | $157 | 10 | 2 |
|---|
| 11 | ARL | Ardea Resources Ltd | 0.925 | $157.01 | 93% | $1,045 | $441 | 16% | $71 | 11 | 3 |
|---|
| 12 | SMI | Santana Minerals Ltd | 0.62 | $92.24 | 148% | $412 | $117 | 0% | $0 | 12 | 1 |
|---|
According to this data, PH is the 3rd highest paid CEO yet has the greatest SP depreciation in percentage terms over the last 12 months. I have voted according to my opinions and my own research (which includes the results of my "study") and this happens to align with TB's feelings.
To check the holder return I went here:
https://www.businessnews.com.au/Person/Peter-HaroldIt shows the total holder return aligns with the above and shows that PH was in the top 20% of the
worst performing measured similar companies.
End of study.
I recall through the great efforts of the posters on here there was a 40% vote against DH's directorship last year. A similar effort is more than enough to vote down the rem report until they put some real KPI's and delivery against it.
I have also voted down the additional 10% placement. My rationale is that they will just dish this out to lead brokers, KMP or others without forethought for extracting value when they need it the most. If they have to come to holders for permission to issue more shares it will cost a little more (not a lot these days with electronuic meetings available), but will ensure they bring a plan along to get value and therefore holders support.
There are many here who have been in this boat a lot longer than me so really welcome discussion on the above.
Oh and I dont hold, but interesting the lowest KMP salaries was the best performer....
GLAH
(20min delay)