a different perspective

jxk your sources of information in the past have been unreliable and I suspect that they are again.

Who announces their intention to sell before they sell - quite simply nobody only those trying to drive the price down further and buy at a lower price.

My understanding is that:

EIG have not pulled out, they are reevaluating their level of commitment and that may remain the same, increase (highly unlikely) or decrease. This is in accordance with the agreement as a result of the AER delays and just normal business practice.

HP have proven to have supported before and I believe that they will continue to support CPL to ensure liquidity.

I have seen no indications of predatory behavior on the part of HP and with Colin Steyn as a Director of CPL I would expect that if such an action took place he would be in a very dangerous and personally liable position.

AER have been incredible slow in their approvals and their actions have mainly contributed to our current position, the opportunistic claims by the locals have not helped.

I am personally hugely down on my investment but I do not think that the current situation comes down to the current management.

We are victims of:

AER's slow approval
Merciless shorting
Local nuisance claims
Poor market sentiment towards coal
Low coal price

None of which can be influenced one iota by the current management/Directors, from my perspective I have continued to buy (but I wish I had delayed my buying as I have brought at around $1,00, $0.70, $0.50 $0.30 $0.20 $0.145 0.105 and had I foreseen the current situation I could have brought a lot more at lower prices).

Anyway I am not bleating about what CPL should have and could have done I am either buying, selling or holding and then living with the decision and ramifications of my choices.

Calls to sack Gill, for what? what could she do different that would give us a different outcome?

With the benefit of hindsight a rights issue/capital raising while we were at $2.00+ would have been good but who was to predict the change in sentiment and delays and at the time it clearly wasn't needed. Had a capital raising taken place then everybody would be complaining about the unnecessary dilution

I am buying and will continue to buy as I can free up funds.

This projects future will be determined by the anticipated future market for coal, its financial backers will be influenced by the projects long term viability. Todays coal price does not matter a cracker

Coal will continue to be a major source of energy in developing countries and demand and price will increase and need to be met.

Day traders and nervous retail share holders are influenced by current coal prices and should be looking ahead.

Nobody can guarantee that this project will get off the ground but there are a lot of experienced people working towards this and a major corner stone investor with financial interest in the projects commercial success.

Am I disappointed absolutely, do I blame CPL no, am I worried yes, am I a buyer or seller - a buyer.

It is clear at these prices and the current market that it will either be a very good decision or a very bad decision - I don't expect any sort of mediocre result - early retirement or work an extra 10 years. The risk reward works for me.



Newbie Thomas