clive palmer or oil major jv?, page-28

BOB

"yes no one person should control the board.this is something CP should be told.re-phasing my question how will JH stop CP from stripping CTP and leave us with nothing."

Crosso,

Can I suggest that you all relax, I can assure you that discussions are in train with Clive Palmer, clearly there is concern that CP would control the 2 or 3 directors that have been nominated by his company.

But interestingly no one makes the same comment about RC ad his 2 mates he wants to being with him.

If anything I suggest that the 2 mates of RC are in greater danger of being lent on than the 3 nominees of CP.

May I suggest that you relax, the discussions to date indicate that CP will not interfere in the affairs or independence of the company directors.

Nor should he !

I think you will find that CP will be able to do more for CTP than RC can.

Please remember that other than QGC, RC cannot point to any significant achievement, (Other than negotiating an obscene remuneration package with CTP)

I observe a paucity of information in regards to the Option package of RC,

And I ask the following.

1) What date do the oppies expire ?

2) Does RC only have a right and not an obligation to take up the oppies.

I would like an answer to at least the first of those questions.


CB