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CARPENTARIA RESOURCES LTD (ASX:CAP) - Board compensation, 15752143, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
CAP
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2.27% 4.3¢ carpentaria resources ltd

Despite emailing the company last week ive not seen a sensible...

  1. BusterEMC
    68 Posts.
    clock Created with Sketch.
    05/08/15
    09:48
    Post #: 15752143
    Despite emailing the company last week ive not seen a sensible explanation for what this "Business Development" actually is. Perhaps they are too busy managing our only project, or something.

    I flicked through all the quarterly reports and had a look at Board compensation. Shareholders will be interested to know that the Board were compensated ~$426,000 for the year, even though the share price halved. It seems that the Board is largely immune from the pain shareholders are suffering.

    Perhaps amazingly, shareholders are still paying 5 Board members despite an ever decreasing scope of operations, cash balance and share price.
    CAP Price at posting: 3.2¢ Sentiment: Sell Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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