GREY:ALXDF - Post by User
Comment by
Poriemonon Sep 25, 2015 11:37am
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Post# 24135432
RE:RE:Spammers
RE:RE:SpammersNot that you asked me, but whatever.
Conflicting thoughts on their cost structure:
- Their all in cost of exploration per ounce is very low for the industry. That includes all their salaries and whatnot, in which case we're either paying a higher than industry average salary because we're getting better than industry results, or each individual at AZX has a bigger role than they might at a different junior
- My main issue with the salary is the cashflow. No idea why management hasn't done any of the following: released Q1 FS, discussed more extensively cashflow issues in the YE MD&A, given us any indication of what's in the pipeline. If instead of straight up cash we were granting deferred shares (*cough* new DSU plan in the MIC *Cough*) in exchange for a heft portion of that straight up salary, I would be MUCH happier. Cash is king.