Obviously he knew of his intentions long long time ago, for the shareholders its best that he performed this now rather than later when the SP is trading in the 20's.
DIRECTORS REPORT
STI bonus for 2009 and 2010 financial years
There were no incentive bonuses for the 2010 financial year.
An incentive bonus to the maximum of $60,000 was agreed with Mr Mulholland for the 2009 financial year.
Criteria used when assessing the bonus were:
1. The granting of the Foreign Investment Licence in Laos and the identification of potential resource of > 5 million tonnes @ 6.5% Zn + Pb within the Pha Luang project.
2. Identification of a resource based on the planned drilling program, of > 20 million tonnes @ 6.5% Zn + Pb at the Myrtle prospect.
3. The development of another significant project for Rox either by ground acquisition, farm in or purchase.
4. Facilitate a successful capital raising of a minimum of $2m.
5. Increase the Rox share price to 25c.
6. Maximisation of Rox?s investments and a clear demonstration of technical and managerial leadership.
Measures will include staff stability, technical breakthroughs including drilling success and the quality of reporting, board preparation and statutory compliance.
In addition, similar performance criteria were set for the Company Secretary, Mr Brett Dickson, with a maximum performance bonus payable of $30,000.
The minimum amount payable assuming no executives meet their KPI?s is nil. There have been no alterations to the STI bonus plans since their grant date
Even though several KPI?s were achieved for the 2009 financial year executives agreed to forgo any bonus due to the deterioration of global financial markets.
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Open | High | Low | Value | Volume |
13.5¢ | 13.5¢ | 13.5¢ | $73.53K | 544.6K |
Buyers (Bids)
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7 | 547672 | 13.5¢ |
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Price($) | Vol. | No. |
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14.0¢ | 743711 | 11 |
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8 | 353880 | 0.130 |
2 | 53255 | 0.125 |
7 | 562916 | 0.120 |
4 | 149999 | 0.115 |
Price($) | Vol. | No. |
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0.140 | 743711 | 11 |
0.145 | 252538 | 6 |
0.150 | 244411 | 5 |
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