Microsoft Word - 2018 Annual Report v FINALI 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 DirectorAn 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) Base salary of $280,000 per annum, exclusive of superannuation;
2) A single $25,000 payment; and
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.
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