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10/04/24
19:26
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Originally posted by Moonpie:
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The way I see it, their salaries are paid by JV partners, not out of shareholders funds. Because they operate their licences, if management work an hour on a project they charge back an hour much like other service providers, accountants, lawyers, etc. So they’re paying their own way. I like this model and that’s probably why they haven’t needed to raise more capital since they IPO’d. Most other oilers have 1bn+ shares on issue which kills the upside. What FDR needs is a deal to get the stock moving, with tight capital structure this could run on positive news.
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are you trying to justify a 400k salary from a director of a 9 mill MC company just cause the companies cashed up LOL