RE: Massive upside15 Apr 2024 15:37
While bullish, it's not lost on me that staff pay in 2023 was £327,661, IE well over half the recent raise just on wages, emoluments, Social security costs & Pension contributions.. This is why I want to see progress made quickly. I understand steps have been made to help mitigate staff cost but I'd like as much $ spent prospecting and drilling as possible rather than see it whittle away on pay packets! This is where timing and efficiency comes in.. The faster and more efficient this new team is, the better bang for buck they are. Sorry to say this but the past half decade or so has been the ultimate snouts in troughs exercise. I'm hoping Mike and Nick picked up on this and now want to kick the Co into shape, at least that's what we're all hoping for! I do question why some staff are still on payroll, any members of the gravy train era need to now prove their value or be voted out IMO. Sorry but let's get serious for a minute (in the voice of Tom Hanks in 'Sully').
Over to you ECR! Get a bloody JV signed and shut all the 'Debbie Downers' up for good (eh Ti)! Hell, if we can stabilize above a penny I think PI's may even accept the odd consultancy fee!! And that's saying something!
GLA