fool,I think you are right there. Imagine if the two...

fool,

I think you are right there. Imagine if the two announcements had been released the other way round - that they were going to split off the coal first, with it's own board, then that they were appointing two new directors. If they could have found two directors who had coal experience it would have seemed that they were putting them on the CTP while preparing for "Central Coal", with the idea that those members would have moved onto CC's board once it was up and running.

That to me would have seemed a lot more realistic and sensible. It would have given a sense of how soon CC was going to be established.

Instead we have the blatently self-serving defensive move of "propping up" the board, followed by a fluff piece with no detail and no timings.

Can *anyone* suggest a reason for having two accountants on the board?

- Karl