Ann: Trading Halt , page-62

beatle,

While I agree with most of what you say, I still can't reconcile the fantastically coincidental post this morning about the Rights Issue. I can only believe that, if the numbers are correct it is going to be shown to be true, which rules out the corner-stone investor theory.

That leaves me with only a few logical conclusions, given what I know about CTP's current financial position and its expenditure commitments over the remainder of Phase 1 and 2 drilling campaigns.

The most likely is that there has been an unexpected requirement for cash in the short term. What could have caused that? Not the withdrawal of any JV partners because they must still honour their commitments to date. The need to fund the commercialisation of He resources would surely not have become an emergency that required funds now. We haven't even drilled it yet to confirm it's there so that's not it.

I keep coming back to one posibility - they have found something they want to buy and they need the cash very quickly. Any other explanation fails, based on what information is in the public domain.

Of course, there's always the unknown - lol.

Cheers

Badfish