All that office space and all those employees, and the best they...

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Ianwil

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01/05/24

10:52

Post #: 73603335
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Originally posted by Frederic0 ↑

Looks bad on paper. Anyone have a clue what operational staff are at VSUN and Wangara?
Fwiw, I think staff costs wouldn't be as glaring if the 'Receipts from customers' line wasn't blank.

I've jotted down some workings from employees found on LinkedIN and the AVL Remuneration report. This is about 1/3 of what was reported in the quarter ... so there's alot missing from the below list. Some obvious ones are:
- Lots more AVL support roles (EA, Document Control, Accounts, Contract Admin etc)
- Additional AVL technical roles (Enviro, Geo, Engineers, Metallurgists, Modelling/Data, IT systems)
- The unknown amount of specialist technical roles at Wangara
- The unknown on-site needs for Wangara (admin, safety, logistics etc)
- VSUN F.A.T team, other installers, other technical roles for batteries, BDMs?
- and much, much more ...

It's a heck of alot of roles for a company not selling batteries, and not selling electrolytes, and not digging the ground.

AVL $4,210k/yr ($1.05/qtr)
CEO $460k
CFO $350k
CLO / CCO $360k
COO $385k
Cliff Lawrenson $95k
Daniel Harris $100k
Miriam Stanborough $100k
Anna Sudlow $100k
Peter Watson $100k
Project Manager $200k
Project Delivery $120k
Document Controller $100k
Manager Corporate Affairs $160k
Corporate Affairs / Comms $100k
Marketing Coordinator $100k
HSE Manager $150k
HR Manager $150k
Manager Legal Operations $180k
EA to CEO $120k
Executive GM $200k
Exploration Manager $200k
Principal Geologist $140k
Finance Controller $120k
Accounts Officer $80k
Technical Services Manager $140k

VSUN $530k/yr ($132/Qtr)
Manager $150k
Marketing $80k
BDM $80k base (+incentive)
Electrician $120k
Estimator / Scheduler $100k

Wangara Electrolyte Plant $920k/yr ($230k/qtr)
Manager $180k
Maintenance Sup'v $150k
Maintenance tradesman $100k
Trades Assistant $70k
Process Engineer $150k
Chemical Engineer $150k
Lab Technician $120k
** I vaguely recall an announcement mentioned how many staff would be employed, but can't find it.

This is the floorplan from their building. 40 work stations (for AVL and VSUN). I'd expect near capacity and many roles to be shared AVL/VSUN/Wangara.

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All that office space and all those employees, and the best they can generate is an SP of 1.5 cents, they don't even make a 2 cent coin. Not worth the trouble

AVL Price at posting: 1.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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