"The market and all investors had lost complete faith in him and the board. Simples!"
Wrong statement there oilyman, ... not all investors.
"They were broke mate!"
Richard Cottee was voted in to fix all that, I take it, as well as make money for share holders.
There was no mention at the time that the company was in trouble though, and that is why Richard cottee was to be paid $450,000 per annum plus a $250,000 sign up fee.
That indicates money was not a problem, don't you think ?
From past announcements and presentations the company was going to do wonders with potential hydrocarbons available, but no mention of just going for gas, (even though oil price drop used as convenient reason for doing so), and that it might take 6 to 8 years.
CTP Price at posting:
11.0¢ Sentiment: Hold Disclosure: Held
