re: Ann: Notice of General Meeting/Proxy Form... A performance bonus should be linked to the valuation of the company, ie. the shareprice. If the shareprice goes up due to a significant aquisition or outperforms peer IO miners then Directors and CEO deserve a significant bonus.
But while shareholders are all losing money due to incompetent management, be it past or present, and the shareprice is lagging all peer IO miners then they deserve ZIP.
The shareprice will go up if the management produce a significant result or an significant acquisition, as the company shares will be in demand.
However you may have noticed that this fantastic announcement has brought in all the sellers again.
I consider that they are already extremely well paid for their current performance.
If we see some significant acquisition then management will deserve some performance bonus.
I'll sure that we all agree on that!!!!
Up till now it's been 18 months of hot air and nothing to show for it.
Ann: Notice of General Meeting/Proxy Form/Electio, page-6
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