It's a very reasonable question.
After 11 years, Managing Director McCaul has taken $3 to 4 million from shareholders.The share price is 40% down over 10 years.
The slide below comes from the 2010 AGM. Not much has changed.
The company's accumulated capital expenditure, excluding impairments, to June 2019 was $81 million.
Since June 2019, they've easily spent $20-25 million more.
The questions all shareholders should ask are
- whether Managing Director McCaul has made $100 million worth of progress and since 2010,
- whether he has deserved the $3 to 4 million he has taken and
- whether he continues to be the right person to lead this company
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Price($) | Vol. | No. |
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