blastoff, LNC's tenement was coking coal, ours is not. I highly doubt we will receive a deal anything remotely as attractive, if we receive one at all. If it was coking coal then I would be all for it.
Wasting yet more time and money on coal (a resource the world has in abundance) is just adding yet one more mark down on the growing list of disappointments.
I personally will not even consider taking part in another capital raising (if J1 dusts) to fund a coal campaign. Frankly, this company has had far more than enough time, and has had plenty of money to make something happen. Following CTP since 2007 and there is virtually nothing to show in all that time.
It's getting closer to the day where one should just cut their losses here.
CTP Price at posting:
29.5¢ Sentiment: None Disclosure: Held
