Extract from another Co's announcement, ie. belt tightening during the CV:
"As previously announced, effective 1st April 2020, the Board, CEO and the Senior Leadership Team agreed to a 30% cut in fees and base salary. At the same time, all other staff reduced their working hours by 20% with matching reductions in salaries. Due to the improvement in PGC’s operating environment and the receipt of JobKeeper support from the Federal Government, the Board is pleased to announce these staff will have their working hours and benefits reinstated in full effective 1st July 2020. The 30% cut in fees and base salary in respect of the Board, CEO and the Senior Leadership Team will remain in place and be reviewed at the end of July 2020."
Whilst our management are likely doing their best, considering the potential lead time to unlocking BLU's assets - is it not too much to ask BLU to emulate what some others are doing in the current environment?
BLU Price at posting:
3.6¢ Sentiment: Hold Disclosure: Held
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