Ardea Resources Limited

OTCPK:ARRR.F Stock Report

Market Cap: US$47.4m

Ardea Resources Management

Management criteria checks 2/4

Ardea Resources' CEO is Andrew Penkethman, appointed in Apr 2019, has a tenure of 5.58 years. total yearly compensation is A$1.68M, comprised of 23.4% salary and 76.6% bonuses, including company stock and options. directly owns 1.44% of the company’s shares, worth $683.97K. The average tenure of the management team and the board of directors is 5.6 years and 4.3 years respectively.

Key information

Andrew Penkethman

Chief executive officer

AU$1.7m

Total compensation

CEO salary percentage23.4%
CEO tenure5.6yrs
CEO ownership1.4%
Management average tenure5.6yrs
Board average tenure4.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Andrew Penkethman's remuneration changed compared to Ardea Resources's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2024AU$2mAU$391k

-AU$8m

Mar 31 2024n/an/a

-AU$7m

Dec 31 2023n/an/a

-AU$6m

Sep 30 2023n/an/a

-AU$5m

Jun 30 2023AU$847kAU$375k

-AU$4m

Mar 31 2023n/an/a

-AU$5m

Dec 31 2022n/an/a

-AU$6m

Sep 30 2022n/an/a

-AU$6m

Jun 30 2022AU$619kAU$350k

-AU$5m

Mar 31 2022n/an/a

-AU$4m

Dec 31 2021n/an/a

-AU$2m

Sep 30 2021n/an/a

-AU$2m

Jun 30 2021AU$441kAU$297k

-AU$2m

Mar 31 2021n/an/a

-AU$3m

Dec 31 2020n/an/a

-AU$3m

Sep 30 2020n/an/a

-AU$2m

Jun 30 2020AU$381kAU$268k

-AU$2m

Mar 31 2020n/an/a

-AU$2m

Dec 31 2019n/an/a

-AU$1m

Sep 30 2019n/an/a

-AU$1m

Jun 30 2019AU$274kAU$67k

-AU$1m

Compensation vs Market: Andrew's total compensation ($USD1.09M) is above average for companies of similar size in the US market ($USD649.07K).

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

CEO

Andrew Penkethman

5.6yrs

Tenure

AU$1,675,389

Compensation

Mr. Andrew Penkethman, BSc, FAusIMM, MAIG, has been Chief Executive Officer and of Managing Director of Ardea Resources Limited since April 1, 2019 and February 5, 2020 respectively and also serves as its...

Leadership Team

NamePositionTenureCompensationOwnership
Andrew Penkethman
CEO, MD & Director5.6yrsAU$1.68m1.44%
$ 684.0k
Rebecca Moylan
Chief Financial Officer2.4yrsAU$517.77k0.093%
$ 43.9k
Ian Buchhorn
Technical & Executive Director7.2yrsAU$1.07m7.22%
$ 3.4m
Robert Middlemas
Company Secretary8.1yrsAU$220.37k0.41%
$ 193.1k
Matthew Read
KNPL Project Director1.8yrsAU$720.40kno data

5.6yrs

Average Tenure

Experienced Management: ARRR.F's management team is seasoned and experienced (5.6 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Andrew Penkethman
CEO, MD & Directorno dataAU$1.68m1.44%
$ 684.0k
Ian Buchhorn
Technical & Executive Director8.3yrsAU$1.07m7.22%
$ 3.4m
Maree Arnason
Independent Non-Executive Director1.3yrsAU$91.73k0.0075%
$ 3.6k
Mathew Longworth
Independent Non-Executive Chair4.3yrsAU$344.56k0.49%
$ 234.1k

4.3yrs

Average Tenure

Experienced Board: ARRR.F's board of directors are considered experienced (4.3 years average tenure).