Incitecs decision to end buying gas from CTP 31.12.2019 establishes volume of gas CTP has to offer new buyers from 1.1.2020. CEO has been saying for some time there is robust interest from potential customers. Now is time to complete sales contracts demonstrating ongoing certainty of profitable trading. Revised extended future guidance could also be publicised. Financiers expressing interest in refinancing CTP are likely waiting to see new GSA's. Share price may also be more likely to reflect confidence in company future when GSA's are revealed. Delay in completing new GSA's will undermine confidence generally. Does anyone know which company executive will be presenting at the Sunshine Coast Conference in July - i sent a message through CTP website some time ago which was acknowledged without subsequent response.
CTP Price at posting:
13.5¢ Sentiment: None Disclosure: Held
