big salary’s , share price only moves backwards so it’s hard to...

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stevenrushbrook

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31/03/24

01:17

Post #: 73127449
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Originally posted by BakedBean: ↑

MRE payment need to be made upon submission or after receipt of MRE? IE before or within some period of time after?

Because if it before, then delay until last possible moment, then CRE after a round of drills (hopefully with some good hits, although SP seems to not care and only go on Li price anyhow), then MRE upgrade after CR.

If it's after then MRE upgrade right before next quarterly (giving enough time to get MRE and CR funds received before quarterly due)

Looks either way towards end of this current quarter now, soooo hazard a guess late May/June maybe.

Did notice the Big Cheese was getting a Whopping 300k before super + 60kPa fees. I need to get into mining aye.

I mean, Speaking of Cheese:

I. Service Agreements
Robert Martin - Chairman
The key terms of Mr Martin’s service contract are:
 Non-Executive Chair fee of $100,000 per annum.
 No notice period.
 No termination benefit entitlement.
Alex Cheeseman – Managing Director
The key terms of Mr Cheeseman's service contract are:
 $300,000 plus superannuation per annum.
 3 month’s notice period.
 Fee of $60,000 per annum from commencement as Managing Director.
 Performance shares; For further details on performance shares refer to Note 25.

DIRECTORS’ REPORT
Critical Resources Limited – Annual Report 2023 20
John Markovic – Non-Executive Director
The key terms of Mr Markovic’s service contract are:
 Non-Executive Director fee of $48,000 per annum.
 No notice period.
 No termination benefit entitlement.
Nigel Broomham – Non-Executive Director
The key terms of Mr Broomham’s service contract are:
 Non-Executive Director fee of $48,000 per annum.
 No notice period.
 No termination benefit entitlement.
Harry Spindler – Company Secretary & CFO
The key terms of Mr Spindler’s service contract are:
 $210,000 plus superannuation per annum.
 3 month’s notice period.

They did however attend every meeting throughout the year, of which there was only 9 so I guess not that hard to make haha.

MEETINGS OF DIRECTORS
The number of Directors’ Meetings and the number of meetings attended by each of the Directors of the
Company during the year were:
Directors Meetings
Directors Held whilst in office/ Attended
Robert Martin 9/ 9
Alex Cheeseman 9/ 9
John Markovic 9/ 9
Nigel Broomham 1/ 1
Michael Leu 3/ 3

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big salary’s , share price only moves backwards so it’s hard to justify them. Also the board too , I can’t image they are doing much work right now as we are not really doing anything with marvis

re the payment there is no due date set or a time frame . We have to pay in after the MRE but it’s not stated whn . It wil be pushed back as the first payment was .

CRR Price at posting: 1.4¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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