"An ability to terminate his employment with immediate effect within one month of a Prescribed Event* occurring. In these circumstances, provided any payment does not give rise to a breach of the Corporations Law or the ASX Listing Rules, Mr Dugdale will be entitled to payment of an amount equivalent to one year’s base salary and statutory superannuation contributions. The payment shall be without prejudice to any rights which Mr Dugdale may have under any PRP, LTIP or STIP".
If you get terminated in most jobs, you get your holiday entitlements paid out only. Here, its seems he is going to get paid 1 year salary for destroying shareholders wealth. 20c to 1c. Better to terminate him before deadline because he has not done any positives from a shareholders point of view at this point of time. He is taking the money and run. He is re-assessing his risk portfolio where as shareholders is 100% risk. Using other peoples money to make a 1/4 million bucks before tax yearly. RMX market cap is only $6.89m and going down weekly. This guy thinks RMX is a $100m company already.
DFS means nothing until you get a mining lease. And the mine must be profitable.
He should invest $260,000 into RMX if his heart is with RMX.
ASX should do some investigation.
The next announcement better be bonanza x 50 because bonanza don't seem to cut it anymore.
RMX needs real results and it better be the mother load to turn the share price around.
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