Ann: Surprise West update , page-19

Rav mate, I hope he does. It would be an absolute tragedy to pass up the opportunity to get an extra 50 mil in the kitty, but sadly the options are a legacy issue from the days of JH. RC indicated at both meetings that he would press to get the options into the money. I hope he does. But we seem to be held hostage by the anxieties of the option holders. CTP is in the best position it has ever been in for a long time, yet the option holders don't acknowledge this. Again, I feel for them, but I think we are progressing very well. A lot of the programs with STO and others and a lot of the deadlines are out of the companies hands.

RC mentioned at one of the meetings that the STO rig for Mt Kitty was dependent on STO releasing the rig on time, give or take a month! Could anyone have predicted the cyclone and monsoonal rain that has hit central Australia? You get the idea,

Good luck all.