Someone else mentioned this quote a few days ago, but before the "latest" capital raising. It turned out to be quite prophetic, even way back in 2010:
'Over recent months, Pure Speculation has had considerable correspondence about Central Petroleum (CTP) from either admirers or concerned investors. We, of course, have been our usual indecisive and wishy-washy self, but not Strachan. "A share printing machine and shameless ASX arm-waver. Question over business model," he opines.'
The Australian October 2010
http://www.theaustralian.com.au/business/opinion/metals-attract-tide-of-interest-but-market-getting-ahead-of-itself/story-e6frg9ex-1225942937699
capital raising, page-13
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