Mainly for my own benefit I have had a look at the Annual Report...

Mainly for my own benefit I have had a look at the Annual Report and the AGM Notice, but I share the info here for others to read if interested.

There is nothing that stands out as being startlingly new or potentially controversial.

Resolution 1 is to adopt or not adopt the Remuneration Report(RR) (it's standard). Where is the RR? In the definitions section on p 12 it says this: '...means the remuneration report set out in the Director’s report section of the Company’s annual financial report for the year ended 30 June 2019.'

So, that means examining another document . It's in the Annual Report (AR) in the Directors section. Now what does that say? It starts on p 25 of the AR. Essentially it says that Neville Bassett, the non-ex chairman, receives $45k per annum plus $1,500 per day for additional duties; also that each of the 3 non-exec Directors receives $30k p.a. All 4 directors have 4m options (unlisted and free).

Neville B holds 1.1m shares plus 275k listed options. Rob Martin holds 31.15m shares plus 21.219m (on that number) listed options. These listed options were acquired as part of the Entitlement Offer 28/1/18. The other 2 hold no shares. Interestingly, but pleasingly nevertheless, the removed (1 August 2018), now ex-Director, Bronwyn Barnes holds 1.004m shares. She has kept the faith!!

Mike Hendriks, the Chief Operating Officer appointed 6/7/18, earned $125k for 2018/19 FY. He has 2.5m free unlisted options.

Here is the link to the options info http://aurisminerals.com.au/wp-content/uploads/austocks/aur/2018_11_28_AUR_1543392029.pdf[/BCOLOR]

All options expire 20 November 2020 and the exercise price is 8c. There are other quoted options. This is from the last App 3B issued 21/3/19



The remuneration report looks more than fair and reasonable to me.

How can we get those 128.5m 30/11/20 8c options exercised? Do we want them exercised?   If all were to be exercised then that would add $10.24m to the cash tin. On the other side of the coin would be 128.5m more shares.