Petratherm Management

Management criteria checks 2/4

Petratherm's CEO is Peter Reid, appointed in Jan 2023, has a tenure of 1.83 years. total yearly compensation is A$255.30K, comprised of 81.9% salary and 18.1% bonuses, including company stock and options. directly owns 0.68% of the company’s shares, worth A$389.80K. The average tenure of the management team and the board of directors is 1.8 years and 21.1 years respectively.

Key information

Peter Reid

Chief executive officer

AU$255.3k

Total compensation

CEO salary percentage	81.9%
CEO tenure	1.8yrs
CEO ownership	0.7%
Management average tenure	1.8yrs
Board average tenure	21.1yrs

Recent management updates

Recent updates

We Believe Petratherm's (ASX:PTR) Earnings Are A Poor Guide For Its Profitability

Mar 23

CEO Compensation Analysis

How has Peter Reid's remuneration changed compared to Petratherm's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	AU$255k	AU$209k	-AU$1m
Mar 31 2024	n/a	n/a	-AU$957k
Dec 31 2023	n/a	n/a	-AU$864k
Sep 30 2023	n/a	n/a	-AU$822k
Jun 30 2023	AU$242k	AU$210k	-AU$779k
Mar 31 2023	n/a	n/a	-AU$765k
Dec 31 2022	n/a	n/a	-AU$751k
Sep 30 2022	n/a	n/a	-AU$758k
Jun 30 2022	AU$240k	AU$200k	-AU$765k
Mar 31 2022	n/a	n/a	-AU$718k
Dec 31 2021	n/a	n/a	-AU$672k
Sep 30 2021	n/a	n/a	AU$9m
Jun 30 2021	AU$184k	AU$168k	AU$18m
Mar 31 2021	n/a	n/a	AU$18m
Dec 31 2020	n/a	n/a	AU$18m
Sep 30 2020	n/a	n/a	AU$9m
Jun 30 2020	AU$195k	AU$179k	-AU$455k
Mar 31 2020	n/a	n/a	-AU$427k
Dec 31 2019	n/a	n/a	-AU$400k
Sep 30 2019	n/a	n/a	-AU$539k
Jun 30 2019	AU$185k	AU$154k	-AU$678k

Compensation vs Market: Peter's total compensation ($USD165.91K) is below average for companies of similar size in the Australian market ($USD297.81K).

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

CEO

Peter Reid

1.8yrs

Tenure

AU$255,300

Compensation

Mr. Peter W. Reid, BSc (Hons), served as an Exploration Manager of Petratherm Limited since August 2018 and serves as its Chief Executive Officer since January 10, 2023. He served as an Executive Director...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Peter Reid	Chief Executive Officer	1.8yrs	AU$255.30k	0.68% A$ 389.8k
Barry Van Stelt	Exploration Manager	1.8yrs	no data	no data
Katelyn Adams	Company Secretary	3.3yrs	no data	no data

1.8yrs

Average Tenure

Experienced Management: PTR's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Donald Stephens	Independent Non-Executive Director	21.1yrs	AU$44.40k	1.32% A$ 760.4k
Derek Carter	Independent Non-Executive Chairman	21.1yrs	AU$66.60k	0.98% A$ 566.3k
Simon O'Loughlin	Non-Executive Director	21.1yrs	AU$44.40k	1.52% A$ 876.9k
Simon Taylor	Non-Executive Director	1.8yrs	AU$44.40k	1.26% A$ 724.4k

21.1yrs

Average Tenure

67.5yo

Average Age

Experienced Board: PTR's board of directors are seasoned and experienced ( 21.1 years average tenure).

Petratherm Management

Management criteria checks 2/4

Key information

Recent management updates

Petratherm Limited, Annual General Meeting, Nov 21, 2024

Petratherm Limited, Annual General Meeting, Nov 14, 2023

Petratherm Limited Announces Board and Senior Manager Appointments

Insufficient new directors

Petratherm Limited, Annual General Meeting, Nov 25, 2022

Insufficient new directors

Recent updates

Petratherm Limited, Annual General Meeting, Nov 21, 2024

Petratherm Limited has completed a Follow-on Equity Offering in the amount of AUD 1.300686 million.

New minor risk - Financial data availability

New minor risk - Shareholder dilution

Petratherm Limited has filed a Follow-on Equity Offering in the amount of AUD 1 million.

New major risk - Revenue and earnings growth

New major risk - Share price stability

New minor risk - Share price stability

New major risk - Financial position

Petratherm Limited, Annual General Meeting, Nov 14, 2023

New major risk - Market cap size

Petratherm Limited Reports Rare Earth Drill Results from the Meteor Prospect

Petratherm Limited Announces Board and Senior Manager Appointments

Petratherm Limited Announces Successfully Completion of Rare Earth Drilling Operations

Petratherm Limited Announces Drilling Operations Are Resuming At the Comet Rare Earth Project in the Northern Gawler Craton of South Australia

Insufficient new directors

Petratherm Limited Receives Grant of EL 6855 Located in the Northern Gawler Craton of South Australia

Petratherm Limited Reports Batch 3 Rare Earth Drill Results Representing the Final 97 Drill Holes from the Comet Project Located in the Northern Gawler Craton of South Australia

Petratherm Limited, Annual General Meeting, Nov 25, 2022

Petratherm Limited Reports Batch 2 Rare Earth (Ree) Drill Results from Comet Project in the Northern Gawler Craton

Petratherm Limited Reports Batch 1 Rare Earth (REE) Drill Results at Comet Project

Petratherm Limited Announces Rare Earth Drilling Operations Successfully Completed

Petratherm Limited to Report Additional Rare Earth Results from Re-Assaying of Previous RAB Drill Samples At the Comet Project in the Northern Gawler Craton of South Australia

Petratherm Limited Receives Two South Australian Government Accelerated Discovery Initiative Grants

Petratherm Limited Provides Comet Project - Rare Earth Drilling Update

Petratherm Limited Announces Comet Rare Earth Drilling Underway

Petratherm Provides Update on Recent Field Activities at the Comet Project Site in the Northern Gawler Craton of South Australia

Insufficient new directors

Petratherm Limited Announces Assay Results of Rare Earth Drill Intersections from the Comet Project Area in the Northern Gawler Craton of South Australia

Petratherm Limited Announce Receipt of Grant of EL 6707 (Woomera Project Tenement)

Petratherm Limited Announces Results from Regional and Infill Drilling Campaigns Completed During November and December 2021 Upgraded and Expanded Two Gold Anomalies

Petratherm Limited Announces RAB Drilling Operations At the Comet Gold Project Are Underway

Petratherm Limited Announces Woomera IOCG Project Acquired Close to Emmie Bluff Deeps Discovery

Petratherm Limited Announces Completion of the First Stage of Its Deep Geochemical Gold Exploration Drilling Program At the Comet Project

We Believe Petratherm's (ASX:PTR) Earnings Are A Poor Guide For Its Profitability

Petratherm Limited Announces That Shallow RAB Drilling Operations at the Companies Comet Gold Project

Petratherm Limited Announces Outback Goldfields Commences Airborne Geophysical Survey over Yeungroon Project

Petratherm to Announce Drilling Operations at Mabel Creek Project

Petratherm Limited Provides Drilling Operations Update of Mabel Creek and Comet Projects

New 90-day high: AU$0.23

Petratherm Limited Provides Mabel Creek Project Update

Skarb Exploration Corp. (CNSX:SKRB) completed the acquisition of Victorian Gold Project from Petratherm Limited (ASX:PTR).

Petratherm Limited Secures Large Exploration Licence Application Area

Petratherm Limited, Annual General Meeting, Dec 11, 2020

Skarb Exploration Corp. (CNSX:SKRB) entered into a non-binding letter of intent to acquire Victorian Gold Project from Petratherm Limited (ASX:PTR).

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age