Post by
kindvalue on May 29, 2021 2:49pm
VOTE AGAINST MGMT OVER PAID
$520,000 SALARY PLUS SAHRES EQUATING TO OVER $2.5M OF COMP
$420,000 FOR THE NEXT EXECUTIVE
and they have not hit milestones actually it might be a complete failure
those salaries are barely legit for a producer and not only MIN is not a producer its a possible failure and the worst part
is SR Mgmt has no success behind them taking companies into production
even if they did the right thing and recurited an experienced mining CEO who had ISL experience they wouldn't need to pay this amount
instead you have unproven management getting ultra premium salaries
all board members are accessories to this - guilty
they bot some stock this week great - perhaps they know the major shareholders have had enough
the key shareholders should vote them out
Comment by
CopperWave on Jun 01, 2021 12:45am
A private fund owns approx. 50% of the company. What would retail voting do? Furthermore, the fund managers would've voted against compensation if it was too much, as you delusionally seem to think.
Comment by
CopperWave on Jun 01, 2021 12:54am
Since you're so shocked about CEO salaries at mining companies, I'd suggest you read https://www.northernminer.com/news/seventeen-top-100-ceo-salaries-2015-mining-industry/1003782167/
Comment by
metalhead666 on Jun 01, 2021 7:35am
Rubbing salt in the wounds..lol There is nothing right with this farce. Management gets rich and you dreamers are buying the gas for his yacht.
Comment by
Returns2021 on Jun 01, 2021 9:29am
We will see Metalhead, you could end up being correct. Only time will tell what happens. This is obviously been one of the few failures in the copper space where price has declined in a bull market.
Comment by
metalhead666 on Jun 01, 2021 11:41am
That's a clue don't you think?
Comment by
Returns2021 on Jun 01, 2021 12:07pm
Absolutely it is, fully agree. The clue is the share price given the copper bull market. I just happen to think there will be a solution and current price levels are a decent gamble. Now of course if there is no solution, see you at near zero share price. We shall see how the gamble goes.
Comment by
metalhead666 on Jun 01, 2021 4:12pm
Not going to have a solution and gambling that they will is just throwing your money away. There's no point in "gambling" on this failure.
Comment by
Returns2021 on Jun 01, 2021 4:28pm
Time will tell. High risk for sure.....it has burned a lot of people so far.