A pre AGM GTE review 2015 2018, page-2

PART  TWO:   ANOTHER  ADDITIONAL  METRIC  before  the  AGM  in November for shareholders to look at.

Hi everyone,

here is another metric, hope it helps you.

 

METRIC  -  How GTE  management  allocates its business time, using SOLELY  ASX  announcements as the measure.

 

	ASX  announcement categories during the year	2015	2016	2017	2018
1	Announcements	41  in  2015	55  in  2016	99  in  2017	33 so far  (Nov 1)
2	NON  MINE lease  area announcements	In citation, and as a % of total for the year (% rounded)
3	Financial Reports (legally bound)	10              24.4%	10                  18.2%	10                10.1%	10             30.3%
4	Director related reports	5                12.2%	9                    16.4%	7                    7.1%	2               6.05%
5	Meeting related	7                17.1%	5                      9.1%	7                    7.1%	2               6.05%
6	Administration related (all other types from above, and lease related types, below)	16               39%	18                   32.7%	38                38.4%	4               12.1%
7	Investor Presentations	----	1                       2.0%	2                     2.0%	2               6.05%
8	%  TOTAL	92.7%	78.4%	64.6%	60.6%
9	MINE  LEASE  related announcements
10	Chisel	2                  4.8%	2                         3.6%	4                     4.0%	4               12.1%
11	Yerrida	1                  2.4%	----	----	----
12	Harris Find	----	2                        3.6%	----	----
13	Vanguard	----	5                        9.1%	3                     3.0%	----
14	Gold acquisition	----	3                        5.5%	----	----
15	Yandal West	----	----	19                 19.2%	8               24.2%
16	Ives (gold)	----	----	5                     5.5%	----
17	Yerrida/Sandfire (north)	----	----	3                     3.0%	1                 3.0%
18	Finlayson	----	----	1                     1.0%	----
19	%  TOTAL	7.2%	21.8%	35.7%	39.3%

 

Analysis:    The year 2015 was a transitional year when the THEN GTE refocused on WA exploration, so is non exploratory year altogether, as the percentages show.  The trend of the last four years, shows GTE a micro financed mineral exploration company re-focusing on acquiring WA mining leases.   This occurs in two phases, 2016 and up to mid 2017, lease acquisitions, then in exploratory drilling from then on.   On this note we see the salary of the CEO Jordan Luckett going up from [Salary , Fees and Options] at $161,400pa in both 2015 and 2016, to $206,610 in 2017 and $321,400 in 2018.  We can only presume that the raising of several million dollars by the company in 2016/2017 and organizing remote drill teams justified this pay rise, through the longer work hours involved !   Mining talent costs money, shareholders, I hope we in turn get some value from all this demanding preparatory work, and   soon………!

 

 

Cheers

 

Bluequartz