"When I suggested that this issue actually might have been behind the delay I copped a bit of flack."
I hope you didn't think any of the flack came from me. I remember we discussed the timing of the meeting with the extension of the rights, but I was unsure whether it would be good or bad.
For me the delay has been mostly irrelevant. It is unlikely, IMO, to have any impact on the drilling schedule, so I don't think there would be much net change to the SP. The advantage of the delay was more time for people to get their finances together to exercise their entitlements.
While I want things to happen as fast as anyone, we don't need increased risk in a speculative stock. Slow and steady, everything in place, suits me.
Karl
CTP Price at posting:
10.5¢ Sentiment: LT Buy Disclosure: Held
