CTP salaries, page-10

While I agree that the SP has not increased since RC has taken the reins, I again disagree about CTP being just an explorer. It has since transitioned into a producer, albeit in relatively small quantities of revenue, but that will grow over time, especially once Dingo kicks in.

How can you attribute the rig failure to RC leadership? Delay's yes, but he does not control government agencies who control the flow of applications/permits etc etc. Shortfall of funds, to some extent I agree, I would have preferred RC to have raised more capital in the last raising, as I almost always see small caps underaise, thinking they are doing the right thing fo current holders by not diluting them too much, to only come back and dilute even more when the funds they have invariably don't go far enough. But that is hindsight, and what's done is done.

May I ask what other delays you thinking about? As the surprise drilling is the only one I can see as a glaring example.

To put things in perspective (I know I do that a lot) there are many many small caps sitting on almost nothing with MCs half the size of CTP. They produce nothing, do not have $300 million farmins (who are majors), no cash generation etc. CTP is a value proposition, hence why I continue to buy more. IMHO, only a little more patience is required to see CTP do well (assuming the geological gods are on their side), even for its LT holders.