RE:RE:THE NEW STANYes Shore, I'm pretty certain that $800K that Callow paid himself probably exceeded the entire AGG payroll going back to when AGG was very well cashed up in 2011. The Bharti group never took that kind of money out either. It's obscene for the CEO of a non-producing junior to take that kind of compensation. AGG ain't no Glencore. What's even worse is not only did the BOD approve it, they gorged at the trough too. I hate pigs.
What ever happened to merit based compensation? I don't mind someone being well remunerated if they perform. Yes, these guys managed to raise some money and hit certain required milestones that advanced the project but the bottom line metric of performance in a public company is creating shareholder value and this group have performed abysmally at that. It's the Brit and Aussie way. Need more money?? Just issue cheap paper. Who gives a shite about the shareholders that have already ponied up.