Ann: Managing Director's Contract , page-6

I'm with you Pete.

However,the AGM is approximately 4 months away. The Board must be completely inept if they expect s/h's to approve the issue of performance rights WITHOUT some very positive news before that time. Has anyone accessed the share register lately? Doubt there'd be a major holder who'd support the issue without an upward trend in the s/p over the next few months.

With current s/h sentiment and without continuous news flow, there isn't much reason (apart from it being seriously undersold IMO) for the "s/p to reach a VWAP of not less than .25c for 20 continuous trading days" to 31 March 2012, so I expect 'shareholder communication' and more serious consideration to their drilling activities (at depth) will form part of RB's targets. After all, the incentive for RB is to acquire his performance rights!

We've only seen a summary of the key terms and conditions of RB's contract. I'm certain targets have been set, in fact, they must be.

Bring on the quarterly!