sack the responsible entity, page-3

Because the share price will inevitably rise further in the next 6 months to make a similar amount payable again and then again in Dec 2011. The revenue in 2012 will double if not triple ++ and as we get closer to 2012 the unit price will rise or be re-rated accordingly. This was set in stone a year ago by the Epic management not the Hastings management. Why do we need 2 management teams for 1 business. The Hastings one clearly so they can collect fees and go along with the ride.

In so far as they are trying to reduce the fee's this is rubbish as the valuation of the business in greater today than the $2.56 in real terms. Why else would they do this! It is a failure of the Hastings board to actually make this happen. The market just has not caught up yet and is not well informed. Any new presentations need to clearly point out the difference the Santos revenue makes to the bottom line. It is mostly marginal revenue and falls to the bottom line.

The 60 million divi is over 1 year the 22 performance bonus million is taken over 6 months.

Talk about conflict of interest in their strategic review. In my opinion they do not deserve a golden handshake for being passive management