Bullboard - Stock Discussion Forum Benton Resources Inc. V.BEX

Alternate Symbol(s): BNTRF

Metals & Mining Industrial Metals & Minerals

Benton Resources Inc. is a mineral exploration company listed on the TSX Venture Exchange under the symbol BEX. Benton has a diversified property portfolio in Gold, Silver, Nickel, Copper, and Platinum Group Elements and currently holds large equity positions in other mining companies. Benton has also recently entered into a 50/50 strategic alliance with Sokoman Minerals Corp. (TSXV: SIC... see more

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Benton Resources Inc. > Re: compensation

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Post by AuAgLi8 on Jan 22, 2022 10:51am

Re: compensation

-I haven't looked at proxies yet but my immediate response is Steven Stares does work extremely hard and is working to increase shareholder value. I think its important that He makes a lot of money and if He does we all do.
-Options are incentives to performance.
-The amount of options are set by the Directors , sometimes a little self serving but its the way it is.
-I might comment further when I read things over .
-In the meantime I suspect Steven Stares is in crappy weather in Newfoundland , away from His immediate Family, coordinating bad drilling conditions and waiting for core from The Kraken.

-All I know is if The Kraken becomes a monster lithium deposit all will be forgiven.

-Thoughts on a Saturday morning.

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Comment by Maxmoe on Jan 24, 2022 1:07am

Long,long time fan. Hard to find a harder working guy. I agree. However, his buddy and partner at sic, Tim, gets by on a cap of 10% of the shares outstanding for options. And he's probably up over the gum boots in mud and slush armed with his pick and shovel, shoulder to shoulder, with Steve. Seems 10% is plenty for every other company I'm aware of including companies with a much ...more

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Comment by AlwaysLong683 on Jan 26, 2022 4:28am

Also depends on the strike price of the options and the term to expiry. Another consideration: What are the people receiving the options earning in terms of salary and other benefits? If the other components of their compensation are typical or below what others in their respective positions earn at other companies of similar size, then the options could be viewed as reasonable. However, if they ...more

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Comment by Maxmoe on Jan 26, 2022 11:06am

Option terms are the same everywhere. Strike is always "in the context of the market" and max term is 5 years. Juniors have low base salaries because they have no revenue to pay it, and have limited funding. Bex and sic are comparable. I don't think anyone has a complaint about cash pay that either ceo makes. We all got bills.

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