break out, page-5

There's been a lot of complaints about the management of late. Quite frankly I think it's petty. Look at companies like ARU. Management sells at over $2.00, presents an incomprehensive PFS, sp drops, then announces a capital raising at $1.00 to institutions. I have a feeling that such immense disregard for existing holders will never be conceivable by Mark Lynch. CTO has in truth always looked after it's small holders by offering participation by limiting the sizes of spp allocations, and at prices close to the share price. And as for the incentive options, good on him, this has been a very long road for the Lynchs'. When the time comes to do a serious cap raising I feel they will make the insto's pay up a fair price all right. It is no secret they have all snubbed CTO becauce of the Suncorp saga and that Mark have brought CTO into production steering well clear of being at the mercy of others, lenders or insto's. This is why we are now un hedged and have no loans, no JV's. This I suspect is also the reason why everything is happening at a snail pace rather going out big guns, over committed.

Cheers!