OUTSPOKEN mining magnate Clive Palmer says there is a "50%" chance he will set up a political party after resigning from his long-loved LNP.

Clive Palmer addressed reporters on Thursday afternoon after wining and dining with Carl Judge and Alex Douglas, both who resigned from the LNP to become independents just before 3pm.

"We did discuss the Christmas pudding and it was very good," Mr Palmer joked.

He down-played speculation he would set up a political party named "United" and join forces with the Katter Australian Party, who recently elevated LNP defector and Condamine MP Ray Hopper to state leader.

Mr Palmer referred to a recent media poll which showed 30% of voters were in favour of another political party in Queensland.

The Sunshine Coast-based businessman said that was something he would think about over the weekend.

Mr Judge, the Yeerongpilly MP, said he would definitely consider joining Mr Palmer's potential party.

The couple shook hands before fellow defector Mr Hopper joined the shot.

Mr Douglas, Gaven MP, told reporters earlier it was a very difficult day for him and being an independent was the last thing on his mind.

More to come…


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