I know that Used Moggie,however he is still a Non Exec., Director here in THR which obviously does not have enough Cash to continue his Salary the way it paid him in the past, therefore why not he find a Directorship.
Micheal Keirnan alluded to this type of thing, 'overpaid staff' by 50 % or so on the ABC in an interview yesterday and I'm happy to have him now involved with RBM.
Perhaps many of the staff in various Exploration companies like THR etc.should take heed of Micheal's words and reduce their Salaries for a period of Time.
You think this is not possible, however where I once worked I saw people thinking that it was 'fair game ' to keep drawing High Salaries. I warned fellow workers of the problem as I saw it and then I was nicknamed 'Doom and Gloom'.
In the 'end game' I was and proven right because the company 'folded'. I was out shortly before the 'end game' however since then 'thanks to' BTV and THR, the A.S.X., and the antics of ANZ Nominees including Opes Prime (which I was not a client of) I've lost most of my Retirement Funds.
Yes,I can see why John Young may have found a new Directorship.
No responsibility taken for any losses in association with this posting.
Regards,
moly
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