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CTP salaries, page-49

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Al99

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02/07/14

21:19

Post #: 13603158
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Originally posted by m0ngy ↑

i think we can agree that the salary paid to RC has increased exponentially as has the salaries to the executive and non executive directors and that the company is now paying 31 staff including the well paid non executive directors ($70K odd to attend a few meetings). I see they are advertising for yet another staff member so that will make 32). RC is paid way over the industry standard, he gets about the same as a CEO of a mining junior that is well beyond the exploration phase and is producing and exploring, so paying its own way. CTP have not drilled a well under their own steam for more than 2 years so it's not as if they own and maintain a drilling rig, as you might hope with 31 staff. Damned if I know what their 31 staff do, surely organising farm outs and their seismic activity, running the pump on Surprise etc doesn't take a big staff. i would have thought that RC's 2012 salary of 300K or so plus some shares would be appropriate and that about 10 well paid staff on about $150K and a couple of non exec directors on $30K each would be about right. All of them should be working with the ambition that if they can grown the company and the share price then further riches await them, and would be provided without complaint by shareholders. The problem is that we shareholders want our cut of this company, we are not in a position where we can vote ourselves a 100% pay rise so we rely on the share price which is absolutely dismal. It looks as if the company staff and directors and doing very well for themselves but shareholders are hurting and RC and his crew need to take that on board.

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Mongy

Good luck with trying to get senior operational, geological and accounting personnel for $150Kpa in Brisbane. And a Non Exec Director for $30Kpa. You are joking. I would be interested to see you name companies in the oil sector that pay these rates and are successful.

These companies dont run themselves and if you want some success you need to pay a reasonable wage.

As an aside, I note that you are very positive on HZN. Talk about excessive salaries. I think you would be better off looking at the largesse over there.

Haasko, could agree more.

Cheers, Al

CTP Price at posting: 31.5¢ Sentiment: None Disclosure: Not Held
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Last 4.8¢		Change 0.000(0.00%)		Mkt cap ! $35.52M

Open	High	Low	Value	Volume
4.9¢	4.9¢	4.8¢	$2.624K	53.82K

Buyers (Bids)

No.	Vol.	Price($)
1	980647	4.8¢

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Price($)	Vol.	No.
4.9¢	189266	2

View Market Depth

No.	Vol.	Price($)
1	980647	0.048
1	200000	0.047
1	100000	0.046
3	500000	0.045
2	190000	0.042

Price($)	Vol.	No.
0.049	189266	2
0.050	100000	1
0.055	450000	1
0.056	178589	1
0.059	25000	1

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CTP salaries, page-49

Nine's staff strike as Paris Olympic coverage begins

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

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CTP salaries, page-49

Top Stories

Nine's staff strike as Paris Olympic coverage begins

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

ASX Market Open: ASX200 to rise for Friday session | July 26

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MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

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Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

Featured News

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