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Erdene Resource Development Corp T.ERD

Alternate Symbol(s):  ERDCF

Erdene Resource Development Corp. is a Canada-based resource company focused on the acquisition, exploration and development of precious and base metals in underexplored and highly prospective Mongolia. It has interests in three mining licenses and an exploration license in Southwest Mongolia. Its projects include Khundii Minerals District, Bayan Khundii Gold Project, Altan Nar, Greater Dark Horse, Ulaan, Zuun Mod and Khuvyn Khar. Its projects are located in the eastern portion of the Central Asian Orogenic belt. The Bayan Khundii mining license covers 2,309 hectares and, in addition to the Bayan Khundii high-grade gold deposit, includes its highly prospective 20 square kilometers greater Dark Horse prospect area, including the Dark Horse Mane high-grade gold discovery. The Zuun Mod Molybdenum-Copper Project is a porphyry molybdenum-copper deposit. The Altan Nar mining license covers 4,669 hectares. The central and northern portion of the Ulaan license hosts a porphyry copper prospect.


TSX:ERD - Post by User

Post by minefolloweron Jun 08, 2021 12:00pm
428 Views
Post# 33348003

Executive compensation

Executive compensationSo the CEO was paid $450k in cash compenation in 2020. Overall comp, including equity was $570k in 2020. Average over last three years was $563k per year. I'm not sure what the compensation committee is looking at, but the metrics they are using are clearly out of step with shareholders interests. 75% of performance bonus is based on "individual" performance, and only 25% is based on "share price" weighting. These should be reversed.

The stock price has lost more than half it's value since it's IPO. If you factor in the time value of money, I'm sure the stock has effectively lost 80% of it's value over that time.

This is what an ugly stock chart looks like. Only the lucky few who timed trades have made money.



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