Microsoft Word - 2018 Annual Report v FINALI...

Microsoft Word - 2018 Annual Report v FINAL

I cannot believe that shares are down to $0.019 and value of BPL is $2.96 million
Seems they have lost all Cobalt asset % and even royalty
Shareholders not  happy  but the CEO seems OK

Service agreement – Managing Director

An Employment Agreement dated 18 January 2018 was entered into between the Company and Mr A Johnston.The Agreement can be terminated by either party with one month’s notice. Mr Johnston’s remuneration under theAgreement is

1. 1)  Base salary of $280,000 per annum, exclusive of superannuation;

2. 2)  A single $25,000 payment; and

3. 3)  Subject to the ASX Listing Rules and as determined by the Company’s Board, Mr Johnston is further entitledto participate in the Company’s short-term incentive (STI) and long-term incentive (LTI) scheme.