Information to educate & help with decisions., page-17

Just something I once posted on the other thread... It might help a bit :)

Management's Composition / Background & “Skin in the Game”

Directors

Peter Bowler : Independent Non-Executive Director, Chairman

Greg Barrett : Independent Non-Executive Director

Pau lPayne : Independent Non-Executive Director

Rob Watkins : Managing Director

The Management of CNB comprises of highly experienced team within the mining exploration industry with a resume ofgreat successes. Both Peter Bowler and Rob Watkins originate from the Management Teams of the highly successful mining companies Beadell Resources and Agincourt Resources,under whose his leadership the companies grew to a peak market capitalisation of approximately A$800M and A$500M respectively.

Beadell Resources Limited was a gold development company. The Company's primary asset was the Tucano gold project located in Brazil. Beadell also has an extensive portfolio of gold exploration tenements throughout Australia and Brazil including the prospective Tropicana East Project located adjacent to the Tropicana gold deposit

The first full year of operations at the Tucano gold mine in Brazil was an outstanding success forBeadellResources.Full year production of 182,000 ounces resulted in revenue of $250mand net profit was $114m, translating to earnings per share of 15cents. In 2012, BDR's share price reached a peak of $1.08.

However ,after Peter and Rob waved goodbye to Beadell, this is what happened to their share price:

And thereafter:

During Peter and Rob's time at Beadell, BDR's share price reached a peak of$1.08.

Peter Bowler served as Managing Director from the company's founding date of03/05/2007until his resignation on10/11/2015.

Rob Watkins also filled his role as Executive Director between03/05/2007and10/11/2015.

Greg Barrett, CNB's current Non-Executive Director, also served on Beadells Board of Directors for a one month period between 03/06/2007 and 31/07/2007 (But not sure as to why only one month)

BeadellResources started as a tiny $15 Mil IPO in 2007, and under Peter and Robs successful leadership, reached its peak MC of 800 Mil …WOW!!!Almost 1$ Billion!!

Want to know how the BEADELL story ended?It was successfully aquired by Canadian silver minerGreat Panther Silver Limited (NYSE:GPL)in Febuary, 2019.The exchange ratio implied consideration of 8.6 cents per Beadell share, giving an equity value for Beadell of around $144 million.

Now,How about Agincourt Resources?

Peterserved asfoundingManaging Director of Agincourt Resources Limited from 2003 to 2007and Rob asExploration Managerduring the same period.

Agincourt Resources Limited was a gold mining exploration company whose primary exploration project is the Wiluna Gold Mine in Western Australia, a110,000 ounce per year producer, and had a 57 percent stake inuranium group Nova Energy Ltd.NEL.AX.

Agincour tResources (AGC) drilled for diamonds in Brazil, mined gold in WesternAustralia and spun off uranium company Nova Energy (NEL) of which Agincourt owned 57 per cent. However, the most significant development happened after year end when Agincourtcompleted acompany transforming transaction by acquiring the Martabe Gold and Silver Project in Indonesia for$US80 million ($107 million) from Newmont Mining (NEM). Agincourt managing directorPete rBowler said the project had initial resources of 5.3 million ounces of gold. But investors were unimpressed and Agincourt shares plunged 28 percent to $1.20 on the day the deal was announced. Shareholders have two concerns. First, the transaction was funded by a $100 million institutional placement at $1.15 a share - a 23 per cent discount to the 30-day volume-weighted average price for the stock of $1.49.Bowler said it was important to complete the acquisition irrespective of volatility within the equity markets at the time. The second concern was why Newmont sold the project if it was as good as Agincourt claimed. Bowler said Newmont found it expensive to run compared with its other projects. Agincourt has redesigned the plant to produce about 270,000 ounces of gold each year and the management team is convinced it will transform the company.

The SP ened up SOARING to over $2.00 !!

After being acquired in May 2007 by Oxiana Limited, AGC had a closing price of $2.03 (from its lowest share price of 88 c)

Sobesides Rob and Peter, who else is on the Board of directors?

MrGreg Barrett:

MrGreg Barrett was appointed as a non-executive director of the Companyeffective 12 March 2020.

“Theaddition of Mr Barrett to the Board reunites the original team whofounded Beadell Resources Ltd, which grew from a $15M IPO to a peakmarket capitalisation of ~$800M and prior to that, AgincourtResources Ltd, which grew rapidly before being acquired by Oxiana forapproximately ~$450M. As previously stated, the Company considers theappropriate of number non-executive directors to be three” (Peter,Paul and now Greg) – (Remember, Rob is the MD, not a non-executivedirector)

MrGreg Barrett assumed the role after the previous non-executivedirector, Justin Tremain, resigned.

TheChairman of Carnaby, Peter Bowler commented: “Greg’s deepindustry knowledge and his corporate, financial and negotiatingexperience will complement and enhance the Board’s existing mix ofskills and experience. As the Company potentially enters an excitingnew phase of gold production, I look forward to working with Gregagain as we continue negotiations with numerous 3rd parties. I wouldlike to thank Justin for his contribution to the Board over manyyears. Justin has been instrumental in a great many of the Company’ssignificant achievements. We wish Justin well for the future.”

“Skinin the Game”:

Nothing says it better about the future potential of a company than the investments of the Management Team in the company's success... CNB Management could be said to be “Highly Invested” in CNB future growth!! Our Management Team are some of the TOP Shareholders in the TOP 20 list and collectively own a whopping 14% of CNB...

	Rob Watkins	4,227,752
	Peter Bowler	4,227,752
	Paul Payne	75,000
	Greg Barrett	4,227,752
		12,758,256

Note,These figures exclude additional shares to be added by Tranche 2 of the Placement... EVEN MORE “skin the game” + $350,000 (1.2million shares) - Issue of Tranche 2 Placement shares (subject to Shareholder approval) at a general meeting. The general meeting to approve the Tranche 2 Placement is expected to be held at the end of October 2020.

Put SIMPLY: They own more shares in CNB than Anybody Else !!, and will soon own even more!



The above only includes Listed Shares. But in fact, the Directors own A LOT more than just on-market shares (I,e, Unlisted Options)

So Summary:

PeterBowler: 4,277, 752 shares + 3,000,000 Options (2 mil @ 0.09 + 1mil @ 0.10)

RobWatkins: 4,277, 752 shares + 3,000,000 Options (2 mil @ 0.09 + 1mil @ 0.10)

GregBarrett: 4,277, 752 shares + 3,000,000 Options (2 mil @ 0.09 + 1mil @ 0.10)

Paul Payne : 75,000 shares + 500,000 Options (500k @ 0.001)

* The 6,000,000issued to Peter, Rob and Greg expire April, 2024 (Plenty of time to make them worth Hell of a lot more)

@name said “I like management with skin in the game as it obviously gives them incentive to take the company to where it can and should be. Their vision for the company israpid growth and they are clearly not a lifestyle company as they even took a 20-50%pay cut during COVID. From past announcements it's obvious that they are measured in their approach and always seek out the best solutions for the company”.

*And please, If I got anything wrong, or you have additional information to include, please let me know