To quote "Paladin’s annual report reveals that despite Borshoff...

To quote "Paladin’s annual report reveals that despite Borshoff honouring a promise to cut his salary between November 2011 and November 2012 – a promise he extended to June 2013. Borshoff was able to boost his remuneration after a review of annual leave entitlements.
John Borshof : Pay up
The review focused on annual and long-service leave in a bid to cut Paladin’s liabilities, and Borshoff responded by cashing out 220 days of leave.

The transaction netted Borshoff $1,717,000 and helped increase his remuneration to $3,464,000, from $2.26 million in 2012."

I have a lot of confidence in PDN's future and their positioning in light of a very possible uranium supply shortage until I read articles such as the above posting.

Why would someone cash out annual leave and long service leave to $1.7m value to only have .48c in the dollar taxed on payout......

I dont feel confident when I see concerns from posters re ability to finance debt levels from PDN's current NPAT and the Head of the company is cashing up (remember the last cash out he did for $6m approx)....they can call it what they want, but CEO's take holidays, what is he going to do, take Leave without pay! I ask the question, is he trying to cash out as much as he can without causing further concern as the last time? And Why?

Cheers