AZS 2.27% 32.3¢ azure minerals limited

Ann: RIU Sydney Resources Round-Up Presentation - May 18, page-37

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  1. 863 Posts.
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    Tony's base salary in 30 June 2017 was $300,000, plus cash bonus of $81,000 = $381,000 total.
    In addition he received contributions to his super of $28,500 and 137,850 share based payments, worth $33,773 (based on last share price)
    Normally super contributions are not included in salaries, but if we include all payments, according 2017 Annual Report, we get a total remuneration of $443,273 p.a.

    Tony's share holding is 7,519,992 (526,000 post consolidation), and additionally he indirectly holds 2,193,335 ( 109,667 post consolidation). Therefore total share holding is 635,667 post consolidation, worth $155,738.42 as of Friday 11 May 2018. This is approximately 0.64% of the company.

    Now $300,000 is quite reasonable.
    The $81,000 cash bonus based on performance is arguable, because at this time Tony had defined Mesa de Plata and Loma Bonita. Promontorio and Cascada were also defined, final report from RIO was not yet in. Viewed in the context of the time the $81,000 was understandable.

    Where the $614,000 comes from I am not sure.

    2018 Annual Report is another story, yet to be determined, but if we extrapolate by June 30, 2018 Oposura resource will be defined and JORC compliant, and drill results from Sara Alicia will also be in, and Alacran is a work in progress.

    Everything needs to be examined in its own context.
 
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