The recent non-price sensitive announcement coming out after business close last Friday has not elicited comments from HC gurus. But I am a bit skeptical about this move. Though I welcome the team management buildup, I wonder how big a contribution the new CFO will bring to the table to merit performance rights amounting to 11,000,000 at around 72+c after issuance of 4,000,000 AGY shares. Maybe I have misunderstood something and perhaps not too knowledgeable about the industry we are in, but yes, I would like to learn.
The new CFO is a Chartered Accountant, experienced in mining companies as a member of the management team, and well connected in South America with his stint in Peru and Chile. He must be the answer to getting the 10k approval to be remunerated that big.
Comments from AGY LT holders please.
Ann: Notification regarding unquoted securities - AGY, page-2
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