haha same old, page-50

In the CTP Presentation released to the ASX on 11/9/2012, it stated in the "Company Snapshot" that "Cash at 30 April 2012" was $7.15 million.

In the CTP Presentation released to the market on 12th June 2012 it stated in the "Company Snapshot" that "Cash at 30 April 2012" was $16.5 million.

Given that CTP's cash position as at 30th June 2012 was $12.105 million (having raised $10.188 million in the Quarter), it appears that the "30 April 2012" date was inadvertently carried over to the latest Presentation from the "Company Snapshot" of the previous June 2012 Presentation.

I assume therefore, that the $7.1 million cash balance in the Company Presentation released on 11 September 2012 is possibly the balance as at 31 August 2012.

As CTP heads towards Quarter 4, 2012, it is worth reiterating the "Fourth Quarter 2012 Targets" set out by RC in the latest Company Presentation:

1. Announce one or more Joint Ventures

2. Finalise Surprise Area Development Outline

CTP's (and RC's) performance should be judged on the success or otherwise of these targets being met!

If I was a "betting man" I'd suggest that RC wouldn't have included these "targets" in a Company Presentation (and set himself and the Board up for possible failure) unless he was fairly confident that such targets are achievable. I'm running with that opinion anyway (lol).

Regards,

Goggo