Richard Cottee – Managing Directors Report – 26 September 2013…”Next calendar year may well see 12 exploration holes being drilled, which is more in one year than has been drilled on our acreage to date….it will be an immensely exciting and hopefully rewarding year for our owners – you the shareholders…..trust will be rewarded by a focus on shareholder value and enormous effort to create shareholder wealth”.
Share Price on 26 September 2013 - $0.46
Share Price on 3 September 2014 - $0.32
Destruction of shareholder wealth in 12 months – 33%
Number of exploration holes drilled – 2 times a half?
Rig/drilling failures in last 12 months – 2?
Looking forward to 2014 managing directors report – should be a cracker of a read.
CTP Price at posting:
31.5¢ Sentiment: None Disclosure: Not Held
