Yes Tcb007 in historical terms, an astonishing spot price. now...

Yes Tcb007 in historical terms, an astonishing spot price.

now would certainly be the time for KAU's newest executive director and gun underground miner Brad Valiukas to be hitting his straps.

news of his appointment came Dec. 18 after the company realized it's future was at stake when gold production in the December quarter fell into a deep hole, with every ounce loss making requiring an emergency CR.

output fell sharply to 1,740 ounces in the December quarter from 2,940 oz in the Sept. quarter despite the company pouring in considerable capex last fiscal year to rejuvenate and boost production from the A1 mine.

below is how KAU announced the appointment in a statement on Dec. 18.

to his credit, Valiukas' salary was set at a moderate A$133k pa with the big carrot coming in the form of incentive securities, details of which are set out below.

has there ever been a more opportune time for an executive director to demonstrate his mettle with spot gold surging?

all shareholders would reap the benefits of success for Valiukas.