CTP 3.85% 5.4¢ central petroleum limited

2 trillion tons for 1.5 million ! .., page-29

  1. 1,049 Posts.
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    Sorry Winter thanks but still pretty sure you have not read my Post with the intention I wrote it!

    I have tried to propose the question of what happens if the options are not converted as then there will be no money mate!

    No money to do what those options were created for so that the company can support its operations, and, they are committed contractual obligations!

    Suggest that if the options are stuffed then a lot of things are stuffed including the SH of CTP as it means $48 million they will not have!

    There will probably have to be thoughts for a CR and even before that the SP will get smashed as that is clearly unpopular! Later and if the operations of the business cannot be funded then the vultures come in and pick the bones ....that is my real fear as this does not appear to be going to plan! Our farmers may be Piranhas!

    Will production after a license is granted be enough and in time to produce enough funds to keep it afloat? Suspect not!

    Definitely looking forward to this Key note speech from Mr Cottee in the hope it will provide a plan that clearly illustrates a way forward!

    Again, $5/acre for our lot and same geology not far away for Beach gets $500-700 or average of 120 times greater..go figure as I cant work that out but the CEO's here tell me its covered and I should shut up..well really not!
    Point is if they got even 5% of that or $30/ acre then we would not have had to rely completely on the options...but we only got one shot and it looks shot!

    I could go on and on but lets spare all of us!
 
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