Trader - you're right, CTP is only a small part. Potential for...

Trader - you're right, CTP is only a small part. Potential for 8tcf of gas?

Yes, CTP raised a massive amount of cash for a speccy but the dilution was huge and it caused the SP to languish for months. Actually, they experienced approx 50% drop.

If ROG go down the cap raising path AGAIN in order to fund exploration the SP will take a hammering. Now thats all we care about - the SP. Short or long term.

And if they don't cough up the cash to fully explore their own tenements, then you can bet on another cap raising and/or JV which will again dilute their value.

Look, don't get me wrong, I like this stock and until this week I held for quite a while but I think that the risks are stacking up.

I sincerely hope it all pans out because if it does, you can bet I'll be back on board. But not before the CSG pieces fall into place.