Why the market hates it? [Ref: blackrainbow]
Blackrainbow, not wanting to sound factitious nor repetitive but try the below for a possible causal factor and/or multiple combination of hates:
- Failure to have converted near AU$50 million worth in options
- Failure to stop the depreciation of share price
- The bean counter deal made with Santos
- Uncertainty with direction and planning
- Failure to meet published milestones
- Stand up comedic presentation
- AU$20 million JV commitments
- Drilling campaign failures
- Poor communications
- AU$50 million dept
- Santos
The bottom draw lads will be saying, hey we can now get them cheap, but but but was this not the reason for doing the share consolidation, to attract sophisticated and remove or at least reduce the annoyance of the non sophisticated?
Would like to be positive, but CTP does not have the cash to commit to their upcoming AU$20 million commitments, ask yourself the following question. How will CTP get AU$20+ for the JV payment commitments? Capital Raising, is the friendly investment bank posturing it’s self for the filling of the back pocket. Will Macquarie investment bank all of a sudden be announced as a strategic investor seen great opportunity as it did with the free option and AU50 million Palm valley/Dingo asset deal.
Not looking good under this rejuvenated board of eight directors is it
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