You might not be suggesting it. But I will. $2-3k/day. Their...

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25/11/18

10:43

Post #: 36631078
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Originally posted by apom: ↑

When you look at the last quarterly reports, I find it very interesting that payments to directors and associated entities were as below:
Birimian:213k
Comet ridge:132
Staff costs ,admin and corporate costs were also significantly higher at birimian than at comet ridge.
So,the directors at comet ridge,who were also directors of birimian being paid on day rates,were working for free for comet ridge whilst getting lots achieved for comet ridge, and were also shareholders in comet ridge but not birimian.Yet whilst being paid by birimian did not seem to achieve very much over the last quarter(and probably quarter before).Hopefully during the periods that they were billing birimian they were fully focused on birimian matters.
I,m not suggesting that these joint directors were engaging in comet ridge business whilst drawing day rates from birimian.But questions do remain exactly how they were spending their time during the last quarter based on directors costs of over 70k per month.

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You might not be suggesting it.

But I will. $2-3k/day. Their have always been concerns as to adequate incentive and personal buy in. It simply looks like energies and efforts were spent elsewhere. I'm glad the dead weight is now gone. They've played their part and cleaned up what needed to be cleaned up. But they stuck around for too long. Let's get this done properly.

BGS Price at posting: 20.0¢ Sentiment: Hold Disclosure: Held
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