Ravi _ I think the real issue here is , if you do speak to John and get a repsonse from him - how much of it do you believe? There is a major issue of trust here, trust that is being eroded by CTP failing to meet deadlines IT SETS ITSELF by informing the market of perhaps unreasonable timelines for delivery of drilling contracts.
Whether in the end it is Johns fault or someone elses, it deosnt really matter, when John comes out to market advising that something (lets call it re-entry to Surprise) is planned to be done by mid to late September, and then by 27 October a drilling contract has still not been signed, credibility for anything that is said or promised or planned etc goes completely out the window.
The company has now gone for FAR too long advising market of plans to do this, or plans to do that, implying that they will actually happen, when in fact, none of those plans have eventuated at all. And when the Plans are not met, nothing is said about them until a new plan is announced, and at the back end of that plan a small trow away line is added advising that the old plans are no longer plans, but to trust us, these new plans are real plans and will be delivered upon?
Cmon!
CTP Price at posting:
25.0¢ Sentiment: None Disclosure: Held
