Develop Global Management

Management criteria checks 1/4

Develop Global's CEO is Bill Beament, appointed in Jul 2021, has a tenure of 2.75 years. total yearly compensation is A$1.51M, comprised of 16.3% salary and 83.7% bonuses, including company stock and options. directly owns 15.03% of the company’s shares, worth A$83.16M. The average tenure of the management team and the board of directors is 1.3 years and 2.8 years respectively.

Key information

Bill Beament

Chief executive officer

AU$1.5m

Total compensation

CEO salary percentage	16.3%
CEO tenure	2.8yrs
CEO ownership	15.0%
Management average tenure	1.3yrs
Board average tenure	2.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Bill Beament's remuneration changed compared to Develop Global's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-AU$15m
Sep 30 2023	n/a	n/a	-AU$17m
Jun 30 2023	AU$2m	AU$246k	-AU$18m
Mar 31 2023	n/a	n/a	-AU$13m
Dec 31 2022	n/a	n/a	-AU$9m
Sep 30 2022	n/a	n/a	-AU$9m
Jun 30 2022	AU$288k	AU$249k	-AU$9m

Compensation vs Market: Bill's total compensation ($USD985.59K) is about average for companies of similar size in the Australian market ($USD785.78K).

Compensation vs Earnings: Bill's compensation has increased whilst the company is unprofitable.

CEO

Bill Beament (48 yo)

2.8yrs

Tenure

AU$1,512,084

Compensation

Mr. William James Beament, also known as Bill, B.Eng-Mining (Hons), MAICD, serves as Director of Essential Metals Limited since November 6, 2023. He serves as Managing Director at Develop Global Limited (...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
William Beament	MD & Director	2.8yrs	AU$1.51m	15.03% A$ 83.2m
Ben MacKinnon	Chief Financial Officer	1.3yrs	AU$571.66k	no data
Elle Farris	General Counsel & Company Secretary	less than a year	no data	no data
Guy Singleton	Chief External Affairs Officer	1.3yrs	no data	no data

1.3yrs

Average Tenure

Experienced Management: DVP's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
William Beament	MD & Director	2.8yrs	AU$1.51m	15.03% A$ 83.2m
Michael Blakiston	Independent Non-Executive Chairman	2.8yrs	AU$110.50k	0.036% A$ 199.2k
Justine Magee	Non-Executive Director	less than a year	AU$20.63k	no data
Shirley In't Veld	Independent Non-Executive Director	2.8yrs	AU$66.30k	0.032% A$ 176.9k

2.8yrs

Average Tenure

65yo

Average Age

Experienced Board: DVP's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.

Develop Global Management

Management criteria checks 1/4

Key information

Recent management updates

Develop Global Limited, Annual General Meeting, Nov 16, 2023

Develop Global Limited, Annual General Meeting, Nov 16, 2023

High number of new and inexperienced directors

Develop Appoints Elle Farris as General Counsel and Company Secretary, Effective 26 June 2023

MD & Director exercised options to buy AU$39m worth of stock.

Develop Global Limited Appoints Justine Magee as Non-Executive Director

Recent updates

Price target decreased by 23% to AU$3.30

New major risk - Financial position

Revenues Working Against Develop Global Limited's (ASX:DVP) Share Price

Price target increased by 16% to AU$4.30

Forecast breakeven date moved forward to 2024

Develop Global Limited, Annual General Meeting, Nov 16, 2023

New major risk - Revenue and earnings growth

Develop Global Limited(ASX:DVP) dropped from S&P/ASX Emerging Companies Index

Develop Global Limited, Annual General Meeting, Nov 16, 2023

New minor risk - Financial data availability

Price target decreased by 15% to AU$3.90

New major risk - Financial position

High number of new and inexperienced directors

Develop Appoints Elle Farris as General Counsel and Company Secretary, Effective 26 June 2023

MD & Director exercised options to buy AU$39m worth of stock.

Develop Global Limited Appoints Justine Magee as Non-Executive Director

First half 2023 earnings released: AU$0.039 loss per share (vs AU$0.048 loss in 1H 2022)

Develop Global Limited Announces Resignation of Mick McMullen as a Non-Executive Director

Develop Global Limited Announces the Resignation of Michelle Woolhouse as Non-executive Director

Price target decreased to AU$4.60

High number of new and inexperienced directors

Develop Appoints Ben Mackinnon as Chief Financial Officer, Effective from Early 2023

Develop Global Limited Announces Resignation of Michelle Woolhouse as Director

Develop Global Limited, Annual General Meeting, Nov 29, 2022

Full year 2022 earnings released: AU$0.064 loss per share (vs AU$1.13 loss in FY 2021)

Forecast breakeven date pushed back to 2024

Price target decreased to AU$4.60

Develop Global Limited Takes Step Towards Developing its Sulphur Springs Zinc-Copper Project

Develop Global Limited Takes Step Towards Developing its Sulphur Springs Zinc-Copper Project

Develop Appoints Alan Rule as Interim Chief Financial Officer, Effective September 1, 2022

Develop Global Limited Announces Company Secretary Changes

Develop Global Limited Provides Woodlawn Updated Mineral Resource Estimate

Independent Non-Executive Chairman recently bought AU$50k worth of stock

Develop Global Limited (ASX:DVP) completed the acquisition of Heron Resources Limited (ASX:HRR) from OMF Fund II (H) LP, managed by Orion Mine Finance, Castlelake, L.P., Nomad Royalty Company Ltd. (TSX:NSR) and others.

Develop Global Limited (ASX:DVP) completed the acquisition of Heron Resources Limited (ASX:HRR) from OMF Fund II (H) LP, managed by Orion Mine Finance, Castlelake, L.P., Nomad Royalty Company Ltd. (TSX:NSR) and others.

Develop Global Limited Announces High Grade Assay Results At Sulphur Springs Project

Companies Like Develop Global (ASX:DVP) Are In A Position To Invest In Growth

Price target increased to AU$5.20

High number of new and inexperienced directors

First half 2022 earnings: Revenues and EPS in line with analyst expectations

Develop Announces More Strong Drilling Results Which Point to A Significant Resource Upgrade at Its Sulphur Springs Copper-Zinc-Silver Project in WA's Pilbara

High number of new and inexperienced directors

Full year 2021 earnings released: AU$0.23 loss per share (vs AU$0.014 loss in FY 2020)

Interim CEO & Executive Director Anthony Reilly has left the company

Venturex Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 4.961639 million.

Venturex Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 14.00301 million.

Non-Executive Director Craig McGown has left the company

Insider recently sold AU$563k worth of stock

Independent Non-Executive Chairman Anthony Kiernan has left the company

First half 2021 earnings released: AU$0.007 loss per share (vs AU$0.01 loss in 1H 2020)

Venturex Resources Limited (ASX:VXR): When Will It Breakeven?

Venturex Resources Limited Appoints Mr. Beament as Executive Director, Effective from July 1, 2021

Venturex Resources Limited announced that it expects to receive AUD 14.00301 million in funding

Non-Executive Director has left the company

Venturex Resources Limited Appoints Michael McMullen as Director

New 90-day high: AU$0.35

Venturex Resources Ltd Announces Changes to the Board

Venturex Resources Ltd Announces Sulphur Springs Exploration Update

Venturex Resources Ltd Announces Sulphur Springs Exploration Drilling Update

Venturex Resources Limited Provide an Exploration Update on Sulphur Springs Copper-Zinc Project

Venturex Resources Limited announced that it has received AUD 2.500889 million in funding from Northern Star Resources Limited

Venturex Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 2.037746 million.

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members