Does anyone know if all these people are permanent staff or were on a short-term contract when the company was busy two years ago?
Given so little is going on these days and other companies of this size and nature get more done with 3 directors, one geologist and contracting out occasional drilling, I cannot see the rationale for such a level of permanent staffing unless someone in management is virtue signalling heavily in some Castro inspired socialist work program that produces little of value to the REAL ultimate stakeholders.... you know.... those paying for everything.
Now I know this can be a hard concept for uber-lefties to understand as they think the employees producing little are the stakeholders in the modern world, hence dropkicks like Chalmers think they can 'reinvent capitalism'.
If all these people are on staff in a company with a market cap of $5m blowing $3m a year....it is SELF EVIDENT, this company needs a total overhaul by someone with a mindset geared to producing cost-effective results or not only will all these employees be unemployed shortly but Peter will ruin many other investors financially and hence there will be much less opportunity to employ anyone in the world in future unless the government does it. Oh wait.... that is the socialist utopia.
Failing which... Maybe shareholders should consider options for recompense due to ESG management decisions that fly in the face of TRUE sustainability.
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