Australia's largest stock trading and investment forum Australia's #1 stock forum

SDL

Click for more information

0.00%

0.6¢ sundance resources limited

Great post Wetcott. Why can't company directors get it through...

First 77 Last

Share
Profile

Follow
mjmj

1,116 Posts.

04/08/16

09:03

Post #: 18440514
Share

Great post Wetcott. Why can't company directors get it through their thick heads that IT IS not all about them ! They need to earn respect and then peopl will trust and believe them. If a company director is transparent and has empathy for shareholders then that is great. unfortunately MOST directors seem to be in it just for themselves and they show this clearly with free share option, high salaries and spending more time on remuneration committees then they do on developing projects

I have lost a fortune on Sundance and others  BUT I still hold  hope The Dance in the sun dream is not dead yet If there is a pulse there is hope It all comes down to timing so I continue to hold

Originally posted by westcott ↑

Hi.
Email to Sundance Resources dated 17 December 2014 at 8.53pm. Subject Remuneration.
Hi Jill. Hope you and your Family are well. Merry Christmas and a Happy New Year to you and your Family.
Just making contact to let you know that a lot of HotCopper shareholders are not happy with the announcement of a 10% drop in remuneration, especially for Giulio. Nearer to 40% would at least show he understands how shareholders are suffering from all the missed dates the company have announced.
People are not happy with all the free performance shares Giulio obtained, with all extra items like Vehicle, Super, Incentives, etc. Giulio is on a very high wage for a none revenue earning company.
Record low  Share Price, Guide line dates for Mining start up, Funding and so on just being continually extended, Three Happy Christmases in a row from George and still nothing.
The way it looks at present with waiting on Funding to be obtained by The African Bank, and the way it is to be obtained, shareholders are asking, what is Giulio going to be doing to earn his High Wage? Sitting back drinking cups of coffee they are saying.
Giulio's 10% is nothing when you take into account his total yearly package. Most probably Giulio's 10% is more than most SDL shareholders earn in a year.

With people like Giulio obtaining a High Remuneration from SDL and its shareholders, at the same time Not Buying One Share out of that High Remuneration is not saying much about the person. If it came down to one vote per share holder, Giulio would have been gone a long time ago.
I would have thought that the voting at the last AGM would have indicated what shareholders thought of Giulio and the lack of progress being made in the time lines set down by the company.

Giulio. Please lead by example. Do you really think you have earned the High Remuneration you are getting? when so many of your shareholders are suffering so much and for such a  long period of time.

Sorry to be down at a time like Christmas and the New Year. My Wife and I are still holding our shares in SDL, if they go nowhere in the next 12 months, I most probably will be in the same position some other shareholders find themselves in, lost homes, broken marriages and out on their own.
I know everyone has a choice to buy or sell, but we sometimes take Company Directors by their word when they make an announcement.
For proof of time and date of this email, I can prove it.

Regards
Westcott.

Expand

SDL Price at posting: 0.4¢ Sentiment: Hold Disclosure: Held
15 Upvote

0 Great analysis

Reply

Top Stories

KGL

KGL sniffs 19% Cu from drilling at Rockface play in NT

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

STN

Saturn’s stars have aligned for the gold explorer’s Apollo Project

LLL

Leo Lithium announces major divestment of flagship Goulamina project to Ganfeng

The Big Deal: Free-to-air TV swings the axe, but will it be enough as enormous sports deal bills loom?

Climate change to drive market trends to the moon

RHI

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

ITM

Fast-track assaying yields 182 g/t gold for iTech at new NT play

Week 27 Wrap: "Election year" is here as UK Labour win contrasts France; Trump wins immunity & annual report season hushes ASX

TVN

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

There are more pages in this discussion • 70 more messages in this thread...

First 77 Last

Add SDL (ASX) to my watchlist