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Eloro, I think you are underestimating the mess he inherited and the complexity of our assets. By the way, I think he underestimated it as well.
He's referred to calendar Q1 '24 and he certainly needs to come up with something by then.
Add, I don't think any poster would blame Scott for the DC fiasco. I am more concerned that solg made a big deal about Scott's low salary, yet his total compensation package is not miniscule. It is undeserved given that after a year we are nowhere nearer to being sold. I am starting to think siding with BHP would get us sold so we can move on rather than this being dragged out forever while they take big salaries and we are left with a terrible SP. I have never been impressed with Scott. Any ceo who ignores the falling SP should fall on his sword.
NMM, you are right about DC's remuneration, both in terms of its quantum and just how outrageous it was. The amendment meant instead of receiving a mix of cash and shares he was to be paid in cash only. I believe the reference to 1.2m in June 2023 is a typo and, given he left the company in Nov '22, should read June 2022. I suppose it could be an out of court settlement, but I'm not sure why we would change his employment contract at that time and I'd have thought it would have been referred to as such. Another question is why was he paid a sign-on bonus in shares a full seven months after he started work?
Twigger and Mather were responsible for this and had Twigger not been resigning I'd have voted against him.
We remain in the dark about his departure and nor have we been told of what's happening with regards to his action against us.
The whole DC era was a debacle and it's clear he didn't get on with Caldwell. He was given the boot accordingly. However, anyone on here who blames Caldwell for DC's appointment and remuneration is mistaken - he had nothing to do with it and got rid of him as soon as he could.
Voting for Maria and the new guy, the rest are a nay. Totally incompetent useless clowns, lead by the number 1 clown and corporate gibberer Caldwell!
Good spot NMM. This is fast becoming a joke of a business. ÂŁ4m missing from a while back, huge unannounced payout to DC. Maybe just all the byproduct of a long game of dirty tricks. Or we are just a mess.
Adikt. Nothings changed.
2 rns, unbelievable.
Why would you vote for more.
More of the same incompetent mismanagement
More share options bonuses and salaries for
clearly, the same debacle of a management team
More misinformation
If I'm reading correctly, Darryl was paid cUS$1m in 2023? Despite being 'fired' in November 2022?
Page 26 of AGM circular:
"Mr. Cuzzubbo was terminated for cause in November 2022."
"On 30 June 2023, the Cuzzubbo Agreement was amended so that the basic wage of AUD1,200,000 would be payable wholly in cash."
Looking at the other salaries and payoffs in 2023 .... it stinks.
I think the copper said far right.
Good old bbc, an Algerian knifes a five year old in Dublin and residents react angrily
Bbc refers to them as “far right”
Anybody paying a license fee is supporting this scum
What was that Scott? What was it you blustered about on 17 Feb 2023?...
"I am leading, with the support of the Board, a swift reset in the organization with an emphasis on creating a performance-oriented culture with accountability to all stakeholders as a core principle."
"In my assessment, the weakness in the organization has for too long been a culture of non-performance in the corporate office."
The arrogance.
They can't even get the AGM notice out without making a mistake.
Well, they clearly have zero to say... so I'm voting them down.
I wouldn't trust these boys to organise a pi55 up in a brewery nevermind giving them carte blanche with issuing shares. No way!
Scott’s streamlining is so brilliant that he’s paid twice to put the same RNS out today
I prefer to cream than get in a jam, but everyone has their choice of holes In life
All I have to say is, if the jam comes tomorrow it has to be before the cream
Are they doing this so they can force through a takeover and nullify the diverse book?
add -seeing as it's this company i'd probably reserve the right to vote myself but the other part of me is saying delegate it to them because the options will be cat**** soup and dog**** pie anyway.
Bozi, it's an interesting conundrum; do we grant the powers to the company or do we reserve the right to vote on a transaction knowing it may be defeated by BHP and possibly others?
And BHP etc are not going to vote for a large tranch going to an outsider
scott is ****ing in the wind with the special. absolute waste of time.
it failed at least twice before so what makes them think they'll get it through now?
pis will vote it down without realising the intention of it!
Like what we does?
Why can't they talk properly?
TI
get ready for a share issuance
I am having a dense moment, not sure what to make of this
Exactly what I predicted.
The Directors require a power from Shareholders to allot equity securities or sell treasury shares for cash otherwise
than to existing Shareholders pro rata to their holdings. Accordingly, Resolution 11 will be proposed as a special
resolution to grant such a power.