Gavin Rezos, page-40

Hi P, I hope you guys are well.

I don’t think there’s any chance GR would be staying after his already announced retirement. That would bring all sorts of stuff into contention regarding the timing of his announcement and the potential spill not happening, I think that would be very closely looked at by not only investors but the regulators as well. Also with virtually nothing of what the board and hierarchy said would happen actually happen, I don’t think him staying would help the SP one bit, in fact my opinion would be that it would make some ex-shareholders reluctant to come back on board if/when this actually does achieve any of the big milestones that we were taunted with over the last 5 or 6 years.

Have a nice cold one for me to Mick, I hope you catch a few more waves.



Cheers.