predictions for today?, page-96

" He said it was a beancounter's deal. It's the deal that had to be done to stop the descent."

Karll,

I wouldn't go as far as saying that it was a beancounter's deal. For, beanconters don't like to sell things at a loss, or let someone in into something (like a JV) while writing off some losses. It doesn't look very good in a balance sheet, nor in a profit and loss, and it has to be explained as to why this was allowed to happen.

Maybe you should call it a Lawyer's deal, whereby Lawyers are more inclined to do something in a hurry without looking at the money values.

After all when they (Lawyers) have to prepare a case that involves financials and where they have to deal with losses of any sort, who they seek and engage the services of? You guessed it.

Horses for courses karll.

And Yes, I would love to see CTP's beancounter telling RC what to do. I think that, me and you, will stand a better chance of seeing pigs flying first. Because, IMO, RC will dictate the terms of the deal, and the beancounter will have to find a way around it to accomodate it.

But then again, our accountants at CTP may still leave the original value of our expenditure in the reamining 30% of those tenements.

Me, personally, I wouldn't do it because I always like clarity in my financials. But then again there are many accountants that view things different than others. Like chefs in a kitchen that they end up with different taste in their soups.

Well, by the look of the above, the sp has moved up one cent today. I hope that it will stay there and that it will continue to move up. NAB online has been down all day and I can't see what happened today.

As for me wanting to sell, I am not in a hurry. Most importantly I don't need the money. I never borrow any money for shares that I do own on the sharemarket, and I am not pressed to sell if I don't want to, so it can stay there for the time being. And yes I have stated that I have broken my own rules in exceeding the level of risk that I like to take on any company. But that doesn't mean that I have to sell to rectify that problem.
After all, with CDU alone in my portfolio number two, I am overweight to greater risks levels than what I am with my portfolio number one and I am still holding.

Besides, and with all due respect my friend, I also said that, as I am overloaded, I don't want to buy any more CTP's. From memory, I didn't say that I had to sell.

Like you I am eagerly awaiting to see what the next deal will entail and what it will bring in for us.
Hopefully it is not another one with STO.