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11.5¢ calidus resources limited

Very good value for shareholders imoIve been in other companies...

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Fyfee

535 Posts.

314

12/04/22

16:07

Post #: 60811442
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Originally posted by Watchfulbull: ↑

The directors remuneration is always interesting ... to see if its fair or a gouge.

I think this one is fair.

Dave gets:

330K base salary and super + 340K options at nil exercise price (so free shares) with no performance condition attached, so assuming those shares are worth $1, lets call this a base overall remuneration package of 670K. Thats fair.

Then he gets another 680K of options nil exercise price (2 lots of 340K shares one vesting Dec23 the otehr Dec24), for CAI share price performance relative to its peer group.

Peer Group being:

And % of options issued depending on the below performance scale:

So if by 2024 CAI is in the top of its peer group in terms of share price performance, then Daves salary package for this year will have be 1.35M.

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Very good value for shareholders imo

Ive been in other companies where Directors excel at
nothing other than long lunches and putting their hand out

Dave has driven this thing with shareholder value at front
of mind, and hasnt put a foot wrong.

CAI Price at posting: 97.0¢ Sentiment: Buy Disclosure: Held
17 Upvote

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