To the many who perceive Bonds as our saviour or as a bargaining...

To the many who perceive Bonds as our saviour or as a bargaining chip against players such as BG etc.
My answer which may not agree to (What a load of CR*P!!!)

1) CTP can only draw $1m each tranche & can only draw every mth or so before affecting sp in a big way
2) Look at CTP's sp over the last 9 mths we've gone backward even though we've started drilling & confirmed coal resources
3) BG & other potential acquirers must be looking at glee at CTP's woeful situation

Sure JH may have so many agreements which may ward off predators, but AT THE END OF THE DAY - Its about CO's SHARE PRICE, SHARE PRICE, SHARE PRICE.
Without share price as a significant level any cap-raising would be USELESS & predators could pick up CTP as cheap as dirt. Bonds can only help us to an extent, but its time for JH to take a breather & ask himself & the Board, esp CFO

IS THE BOND FACILITY TAKING US IN THE RIGHT DIRECTION
IS IT AN OPTION TO forego the Bonds & allow sp to FULLY REFLECT CO's Potential in order options to be exercised
HOW LONG WILL OUR KITTY of +$30m last us and WHAT ARE OUR OPTIONS in the case of Capital raising

Lets remember, we're still at exploration stage (a speccie) ITS ABSOLUTELY natural for us to raise capital as we proceed to a stage where we have confirmed resources, done cost projections on construction of facilities & infrastructure. Raising capital involves choosing a sp towards the higher end over a period of time. (NOT the lowest 5 days & 10% disc applied)