CTP 6.00% 5.3¢ central petroleum limited

Ann: Board and Management Update, page-4

  1. 173 Posts.
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    This is great news for CTP and its shareholders.

    The resigning of RC for another three years gives me confidence that the share price now has the potential to rise in due course. If he didn't resign, we would be F*#%ed.

    Before all the knockers get on their high horse and start complaining about his salary, he has and will continue to grow this spec hopeful back to new highs in coming years. That's why we pay him what we do. Yes, the current share price is below par, but I believe that it does not reflect where the company currently is and is a result of fallen oil prices.

    All the ducks are being lined up at present, and yes, it may take a little time, but we will be a sustainable and profitable company in years to come. That will be thanks to the patience and support of shareholders and Richard Cottee and his board.

    Gibbo
 
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