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Maybe I'm being naive but how do you even measure performance for incentive bonuses for the IR function? It's not like he has a pnl number or is responsible for delivering key business milestones on the exploration projects. And frankly this year the relations with investors haven't exactly been great have they. PIs are even more in the dark than usual and barely have a clue what's going on. Institutional investors were unhappy and the company failed to get a proposed equity raise done in the summer, with multiple execs resigning. Berry Street wrote another open letter criticising the company. Proxy advisers are currently advising against supporting the election of certain investors. I realise a lot of this needs to be seen within the framework of a complete 180 on strategy but that's down to the board, in what way has IR driven that other than acting as an intermediary between board and investors, which frankly is the basics of the job anyway.
jajaj
You could also argue that the salary is not a problem if you’re only going to have to pay it for a couple of months ….
as long as you can get those salaries, you would hope no one bids for this dog.
So Fawzi managed to negotiate a 50% increase in his base salary from 2021 to 2022? (As per Kohaku's post).
Nice work if you can get it. I'm sure he's been extremely busy over the last few weeks speaking to various investors to shore up support for the BoD. Time for him to earn that crust.
Up over 30cents on tsx good volume
The same incentive scheme that delivered $1.1m to DC. Given the sp performance it makes you wonder what they would have been paid had the company performed well.
And yes, Fort, it's true.
News at 2pm as tsx opens then and USA
No wonder they are in no rush to do anything here
Lifestyle company.
Base salary is £255,810
Then a incentive plan plus pension brings him up to 450 k
2021 base salary was 165k
There's no way Fawzi can be paid $450k for Investor relations role. That's mental. That's CEO level of pay not mid management. Never mind board director level.
You must have got that wrong. $45k more like it. If it is $450k, then he needs to take a salary cut pronto as SOLG need to slim down as per recent RNS on conserving costs going forward.
$450k. for IR?? Must be a mistake.
Rcgl, indeed.
The Japanese Central bank broke the zero peg for their bonds,this is a big deal and has wide unquantifiable ramifications for risk assets hence the flight to hard currencies ie precious metals and a flight safety,again,precious metals !
Gold should do well here,but,should and did are often non sequiturs.
That's Thursday . Interesting that in spite of Powell hinting at further interesting rises, gold closed up at $1819 this afternoon. Talk of 3000 or more in 2023 reminds me that if this happens, we are a significant Gold deposit with 24Mil Oz in old Cascabel alone! Heck, it's been tough to remain positive here, but we must hang in there! GLA!
Fawzi is getting $450k a year? What the actual? That's ridiculous.
AGM 9pm Brisbane time or 11am London time on 22nd
"9:00 Brisbane time I think"
6 hours time then.
RNS in the morning. Could be an interesting day tomorrow.....
Bigots,next couple of days maybe intresting lets see
Bubbles - see my previous post
Whats with all those 1,000 trades anyone?
My vote would sway it novice ,though just under threshold to have my say lol!!:)
9:00 Brisbane time I think
You would have turned up on your own tomorrow bubble, what a faux pas ???
Addicknt,many thanks for letting me know
Bubble, the agm's on Thursday.