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TNG BoD email, page-30

  1. 6,282 Posts.
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    Only the board can answer these questions you seem to need answers to not me. I would imagine some are commercially sensitive in nature so not for general broadcasting.

    As far as the Vimson deal goes I have read raising finance is getting a lot tougher this year and with the ongoing NT delays, over which they have no control, a minimum of 6 months to finance and the build up of staff and pre construction work prior it's going to be needed. PB has said they wanted a seat on the board and weren't given one also they wanted a bigger stake. Why would there be a commission component if Vimson approached them. Gee you must be the first shareholder ever that's concerned themself with such things.

    I trust in their judgement, I don't believe as you seem to that untoward things are going on. Even if finance is lined up I don't expect to hear about it until it happens. And I'm not expecting that until after the FID. I don't recall other companies in which I've been a shareholder broadcasting their finance deals before they happen.

    I can understand all their ongoing negotiations, whether settled or not, would be complicated ongoing and often commercially sensitive in nature. Probably involving the drawing together of different parties. As with finance I don't recall any company in which I've been a shareholder broadcasting their ongoing negotiations, regarding such things, to the market. So I don't see a board change, changing that.

    Agree that we need a Chair, don't have an issue with that.

    Refinery EIS is still ongoing according to last update.

    Unless directors, staff and contractors with the loans want to change the already shareholder approved terms then IMO their loans are between them and the company.
 
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