Ann: Executive Changes, page-59

This news will certainly put a big smile on The Pig.
With no substantial news of late that is price sensitive this announcement raises more questions then answers.

Does yesterday’s rate rise affect the FID? James (and Tim for that matter) must have a good idea of the company's future prospects so they will be able to buy or sell their ADN shares freely or just sit on what they have. Seems to me they didn’t resign and are happy to leave and move on elsewhere - but I could be wrong.

Does this all mean the FID is delayed yet again? I would think so as Bob said they are now refining the funding plans. Bob also said they are refining the development plans as well. Does this include HRM or is just further std offtakes of CRM etc.

Who knows if all of this will be finalised by the 17 Nov. for the Sydney show or just another std progress update on how we are travelling? One thing for sure there is a lot of electricity in the air and it’s all extremely suspenseful.

Hopefully a person could ask Bob at the Sydney show as to why James has moved on and why he couldn’t take on the dual role of performing Tim’s job? I would like to know the honest reason as to why he left as James always said I’m not going anywhere until we get this thing to production? I wonder if James will show up
personally to the AGM as a shareholder and feel the kudos of the shareholders delight if we get an FID by then?

Exciting times or not so exciting times based on the FID and destruction of shareholder wealth.