The 2019 Annual Report and AGM confirm CTP is a dream factory, a...

The 2019 Annual Report and AGM confirm CTP is a dream factory, a spin at the wheel, handicappers running books.

see previous post 40844177 and other recent posts for specific detailed background.

About 120 chairs were available at 2019 AGM. About half were used at beginning of meeting including by executivesso audience was about 60.

Long table at front had from left to right Daniel White, Joseph Morfea, Lecturn, Wrix Gasteen, Katherine Hirschfeld, Stuart Baker, Julian Fowles, Leon Devaney.

At beginning of meeting company projections indicated 490 owner / shareholders voted 192, 000, 000 shares - 26.76% of issued shares. Simple averaged number for overall holdings voted is 391, 836.734694 - range of holdings would show lower and hgher numbers.

At completion of meeting poll maximum shares voted was 220, 360, 262.

Votes AGAINST motions ranged from 4.55% to 10.82%.

In absence of single dominating concrete galvanising issue such as SOA size and range of voting is credible achievement. Number and range of current issues in CTP are subtler, more complex, requiring high level analytic, interpretive, ethics based skills. ( see above reference ).

Recent arrivals in share register are likely frequent traders focussed on Dukas not interested in company matters beyond Dukas trading opportunity.
At AGM they heard decision on plan to return to complete Dukas drill will not be made 2020. Traders won't tolerate that length delay so increased selling by them will drive share price to free fall to new low flatline.

Basis of exploration and prospect development likely for next five years on the face of transitory voting outcomes appears solidly set. However exploratory discussions of plans reveal ideas and concrete details may not be developed beyond level might be found in organisational rush of ideas groupwork sessions.

Next major point of planned revelation is release of long-term exploration / development plans first quarter 2020. CTP have not and are not appraising unconventional prospects despite MSMN cetified prospective resource a pogo stick jump from CTP Mereenie ground with AU$ 16 billion current market value.

Meeting was told Texas Court Case settlement figure " is commercial in confidence and will not be revealed ". Other information around matter will be in 2020 Annual Report.

Commercial relationship between CTP and CPSA is re-engaged. CPSA cannot be regarded as independent to comment on CTP.