Of course its not, they have just finished paying off a huge debt and to snapshot judge SLR on this is to only see it through one dimensional spectacles.
I completely agree the boards salaries are ludicrous and would make our nations Prime Minister blush... surely they need to step up and cut for themselves to show some kind of respect to shareholders who are down over half the equity from Jan this year!
The major problem is the board seem to not understand announcements and keep the market informed, in fact this is the WORST company on the ASX i have come across, previously i have alluded to the Friday positive announcment or quarterlys and annual reports being the only communication.. is there a worse company for keeping the public completely blindsighted.. its really shameless and speaks volumes to how out of touch the board is about what is means to be a listed company and more importantly one that can attract and retain investors.
Its not our mines or profit, its all the communication and personality of the board.. time to roll one, two ---all..
I voted no by proxy, wish we could get some fresh blood who understood how to keep the market happy, this outfit is a joke and seem content to reap the benefits of there bloated packages.. piggy emperors need liposuction!
SLR Price at posting:
37.0¢ Sentiment: Sell Disclosure: Held