I wouldn't call it at the lower end when getting $2500 a day and as DirtyLarry said, I Think he came up with the new plan and method for mining Nifty(possibly only way they could have sold Nifty) which CYM will implement. Keep in mind MLX will be remunerated next 4 years by CYM for balance of payment for Nifty (convertible notes as cash, shares + options and Interest along the way with benefits for MLX should certain conditions be met).
May be the quiet achiever type of guy and all focus now can be on Rennison without any other distractions.
Michael Spreadborough - Terms of employment. Annexure A: Summary of material terms of executive services agreementCommencement Date as Interim CEO3 March 2020TermTo 31 August 2020 unless otherwise agreed. Remuneration$2,500 plus GST per business day worked (All-in cost, short term incentive and long term incentive not applicable)TerminationEither party may terminate by giving 4 weeks notice or in the event of default or insolvency of the other party.
MLX Price at posting:
26.5¢ Sentiment: None Disclosure: Held
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