Look at the quality of the proposed management of the new...

Look at the quality of the proposed management of the new company.They would not be on board if this thing thing was not a good thing.

DIRECTORS AND MANAGEMENT
Subject to exercise of the Cottesloe Option, the proposed Directors and Management of the Company will
be as follows:
Stephen Dennis
Non executive Chairman
BCom, BLLB, GDipAppFin, CFTP - 25 years experience in the Resources Industry. 14 years in senior management roles at MIM Holdings Limited,Group General Manager and Chief Financial Officer of Minara Resources Limited, Regional Director Brambles Australia Limited in Western Australia.
Mr Dennis is currently the CEO and Managing Director of CBH Resources Limited, and is also a non- executor director of Heron Resources Limited
Terry Cuthbertson
Non-executive Director
ACA - Current Chairman and proposed to continue as a non-executive director post completion. Terry is Chairman of ASX listed My Net Fone Limited, Mint Wireless Limited, Montec International Limited, Austpac Resources NL, South American Iron and Steel Corporation Limited and OMI
Holdings Limited. He is also Chairman of s2Net Limited (an unlisted Public Company). Terry has extensive corporate finance expertise, having advised businesses and government organisations in relation to mergers,
acquisitions and financing. Terry was formerly a Partner of KPMG Corporate Finance.
Andrew Dimsey
Executive Director
BBus CPA - 28 years experience in the Resources Industry. Senior Executive of Beach Petroleum, Alliance Oil, Claremont Petroleum, Elders Resources, Arc Energy, Origin Energy. Expertise in strategy, mergers and acquisitions, corporate restructuring and Exploration and Production JV
Operations
Clifford Ford
Consultant
BSc Geology - Explorationist and Consultant for Chevron, Western Mining,
Woodside, BHPP, OMV Oil Search Novus. Carnarvon Basin specialist and
has been involved in the discovery of a number of oil and gas field.
It is proposed that the Company will seek to appoint another appropriately credentialed director in the
New-Year.