Yeah certainly not a good look, I can't see how they can justify these increases in salary when you look at the share price and state of the plant. How about some concrete results first and meeting some targets?
It surely must make it a bit awkward asking shareholders for more money..
It's not just MT and that inflated salary, what about Cuthbertson & Harrison (doubled)?
I'm not even sure what they bring to the company.
I'd rather see that money go to JW to keep the plant in Newcastle running, maintained, fine tuned and maybe get a bit creative up there. I'm getting tired of driving passed the plant only to see the doors closed and nothing happening. I reckon that sounds like better value.
APG Price at posting:
0.7¢ Sentiment: Hold Disclosure: Held