WWI 3.33% 1.5¢ west wits mining limited

Ann: Notice of 2023 Annual General Meeting and Proxy Form, page-3

  1. 1,128 Posts.
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    It's about time one of you called it out.

    Another $150k bonus for performance at today's SP for Quinert. It must be for the more hands-on approach, I guess.
    Grigor gets another $90k bonus for 9 months' work
    Scholes another $90k - the Env appeal still sits there, but apparently, he deserves a performance bonus
    O'Malley has more paid financiers on the books than Saudia Arabia but can't find finance, but here is another $90k bonus
    Jac abandoned ship mid-way through the year - on top of other bonuses, here's another 90k


    Another kicker that is just amazing is that they didn't lose performance bonuses for the failed EMI that just got deferred till another round of production starts. It is impossible not to hit the KPIs they set and do not have externally audited.

    If you fail, just defer it to next time, mate!

    https://hotcopper.com.au/data/attachments/5682/5682393-90fb988b75e65f4f649b8106d093216b.jpg



    And the icing for this merry-go-round is all the payments to related entities.

    https://hotcopper.com.au/data/attachments/5682/5682345-2540777a8b575905e338bdfadac4c90b.jpg



    The SP declined another 40% during the FY, the EMI failed, finance is nowhere to be seen, and appeals still exist. How on earth do you justify this?

    But please vote them back.







 
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