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Ivanhoe Mines Ltd. T.IVN

Alternate Symbol(s):  IVPAF

Ivanhoe Mines Ltd. is a Canada-based mining, development, and exploration company. It is focused on the mining, development and exploration of minerals and precious metals from its property interests located primarily in Africa. Its projects include Kamoa-Kakula Complex, Western Foreland, Kipushi and Platreef. The Kamoa-Kakula Complex project is a stratiform copper deposit with adjacent prospective exploration areas within the Central African Copperbelt, approximately 25 kilometers (kms) west of the town of Kolwezi and approximately 270 kms west of the provincial capital of Lubumbashi. The 17 licenses in the Western Foreland cover a combined area of 2,407 square kilometers to the north, south and west of the Kamoa-Kakula Copper Complex. The Kipushi Project lies adjacent to the town of Kipushi and 30 kms southwest of the provincial capital of Lubumbashi. Its Platreef project is situated approximately eight km from Mokopane and 280 km northeast of Johannesburg, South Africa.


TSX:IVN - Post by User

Bullboard Posts
Post by ursusbrumaeon Jun 14, 2018 8:38pm
275 Views
Post# 28175372

My Opinion about Compensation

My Opinion about CompensationFirst, an answer to a question.  The Zijin Special Bonus, awarded in 2015 to five executives upon completion of the 412M Zijin Kamoa transaction, was USD 1.225 million plus 2.55 million shares, when the shares were under a dollar.  I value compensation on fair intrinsic value of the shares, because that is effective dilution.  This was at least CAD 4-5/share, which is where most cashed them out.  So I would call it a USD 8-10 million bonus on the transaction.  A pretty sizeable bonus.

In my opinion, compensation is grotesquely high in this sector, which generates no wealth for investors.  At least this company is doing something good, not just burning the money like most in mining.  I would prefer if all executives exercised options any time they wish, but sell only enough just to pay the strike and tax.  Salaries are ample.  Then with retention of shares by officers, interests are more aligned.  There is room for improvement for compensation structures, but most other companies are worse, by the very fact of just not being very good companies, and still paying out obscene compensation.
Bullboard Posts