This article may explain the recent weakness in the share price, when everything should have looked positive for CTP. Given CTP involvement has come via QGC we can't take is as a given BG will continue their involvement. CTP management really need a quick decision from BG, not months of thinking about this joint venture. The bigger issue could be the question raised by the suspended poster "Berrybum" who was very sure CTP would not get its drilling program away this year before the wet season & he posted he would buy in cheaper next year (search old posts). He seemed a very committed holder then sold out about 3 months ago. If CTP doesn't quickly gain a committed JV very quickly, the opportunity to book & use a drill rig this year could easily evaporate. If this were to happen many committed CTP shareholders could move out of CTP looking for a return when known drill dates have been established. I watch with interest & hope a drilling program is a reality this season for current shareholders. Regards Buffett
CTP Price at posting:
7.6¢ Sentiment: None Disclosure: Not Held
