1. It’s a slim ship on aggregate remuneration - certainly not excessive. We have three NEDs on what you’d expect NEDs to receive, a CFO on under market wages and an MD on what I see as a good wicket but not outrageous. - don't compare current remuneration against ASX50 or billion dollar companies.. for the money we are paying.. we are not receiving the same amount of value
2. I agree - there needs to be changed but it’s not the broom approach. Paul has all the IP It would take an MD/Chair at least 12-18 months to get to a level. As mentioned, the time to change the management was 2015/2016 and some on here probably remember my posts well. Go back and have a look my posts. - 12-18 months? Any MD/Chair who fails to put a plan together in 2 months to turn this around to get the approvals and finance to get us to production is another waste of space.. this company has less than 20 employees to manage.. how did you come up with your timelines of 12-18 months?? This comment demonstrates your lack of business experience.. seriously mate read the nonsense coming out of your response..
3. Do I think management have done an exceptional job. No. Do I think they are incompetent. No. Could they have done things better. Yes. Are we going to attract the best talent the resources sector has to offer. Not Yet. - you would be surprised what you can buy for $450k base salary + bonus.. once again I think you are out of touch with the reality in the business world today
4. I’m a long term investor and understand some projects take 10 years to come online. This is my 7th year holding and at the moment the risk/reward balance is fine with me. Lotto is a game of chance…investing is analysis of risk/reward. I certainly don’t invest on blind hope or faith. - so you can tolerate incompetence, lies, missed timelines, lack of progress and poor communication better than I can.. good for you.. would you like a medal with that?? Let me replace blind hope/faith to ignorance and poor judgement..
5. Opportunity costs is only tangible if you have no other investments. Most people here I imagine have a portfolio that is balance and performs nicely. Wins in other stocks provide a level of comfort and buffer that might allow someone to be more tolerable of TNG than you. You sound somewhat emotional which I draw a conclusion that you were heavily gambled into TNGO or are heavily invested in TNG head-stock and see many opportunities passing by. If that’s the case, management can’t be held responsible for your portfolio decisions. - typically brainwashed investor/gambler.. I do not hold TNGOA and I am a holder of TNG less than 12 months.. FYI my portfolio consist of the following stocks if you must know.. hopfully that gives you some insights of what a well run company looks like.. BUD, DIS, GOOG, LMT, MSFT, NOC, ORCL and PFE.. thats about 98% of my holdings which I've held for avg 10 years plus.. Currently playing with PLS, TNG, VRSK, SWK, and DE.. currently betting against TLS.. Am I heavily invested in TNG as a %.. NO.. in $ terms.. YES $_00k+.. TNG has good solid fundamentals for long term holdings but is failing due to poor management.. call me a perfectionist, but I expect results for the salary these guys are on..
6. Go do some research on how many options actually expire in the money. Very few – they are a hedging/risk tool. - writing options compared to company issued once like TNGOA are by nature different.. DYOR
7. You’ve made a very clear point of you think management needs to change. Rather than posting the same view day in day out, request a copy of the register, get 5% of holders to call a meeting, propose a new Chair and 3 x NEDs to replace the existing and put it to a vote. That’s the only way you’ll get what you are after. If you aren't prepared to take action then perhaps stop posting the same stuff. - don't worry progress has already been made several months ago.. we are just standing by to see what happens in the coming weeks..
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