Hi Stlamc,Sorry - Didn't mean to hijack your thread! Simply...

Hi Stlamc,

Sorry - Didn't mean to hijack your thread! Simply intended to point out what I thought the likely outcome was & why.

your comment...
"However, that strategy wold be odd, IMO. This is NOT a good year to float a new entity, particularly when you run an existing entity with potentially enough cash (from EF sale) to build the business. Maybe the shells that RichE found are more for executive tax purposes, not new ASX. Time will tell."
... makes me think. (Thanks for that by the way!)

Yes its odd, yes I think you're bang on about market conditions and floats (R.I.P. facebook shareholders!) particularly when there is theoretically enough cash floating around for any new business

But

What is Rob Douglas doing in the new entity? That's what I can't get my head around. Independent director is my best guess - but his specialties are fund raising and M&A, not tax or geology or finding oil.

hmmmm.... more questions than answers.

Well I'm attending the AGM tomorrow. Will yell if anything interesting goes down. Stay tuned. Oh and thanks again for the thought provoking comments Stlamc!