Quote from earlier post:"(1) I prefer to be aligned with Mr...

Quote from earlier post:

"(1) I prefer to be aligned with Mr Palmer , who has shown how serious he is about teh weklfare of CTP.

(2) He has the financial resources and contacts we at CTP need

(3) His team are top quality and highly respected. "

Considerations:

(1) In what way has he shown interest in the welfare of CTP? By offering lower than market prices in ultimatum? Trying to inject three tame Board members? CP has skin in the game to benefit CP, not CTP. What makes you think this situation is any different from the one Rey Resources found themselves in?

"
According to court documents obtained by the Herald, Blackfin alleges Mineralogy learnt about the status of the licences after it had purchased shares in Rey Resources and was invited by its management to develop ''corporate transactions or asset deals'' that might benefit both companies.

At the time, Rey Resources was the subject of two hostile takeover offers and wanted to raise $15 million to fund a detailed feasibility study about developing its Canning Basin assets. Mineralogy was allegedly invited into Rey's ''database room'' and ''gained access to confidential information''.

Soon after, Rey alleges, Mineralogy began selling down its stake and, the day it sold its last shares, launched its bid for the licences to be suspended.

''The applicant suggests the information supplied to [Mineralogy] in confidence by Rey had been utilised by Mineralogy to, in effect, attack the licence,'' WA mining warden Paul Roth said in his judgment.

Read more: http://www.smh.com.au/business/tracing-palmers-wealth--a-titanic-undertaking-20120511-1yi2w.html#ixzz1wzoJnqK7"

(2) Based on recent media coverage, it's questionable whether these financial resources still exist, and the much vaunted Chinese relationship appears to have disappeared. Ref Resourcehouse float failure.

(3) Setting aside their lack of independence, none has oil and gas experience to the extent that Cottee has. Who are they highly respected by exactly?? Won't comment on quality, but they are clearly untested in this context.

Regardless of your sentiment for the current board, it would seem that some balance is required in assessing the two options. Neither is ideal but at least with Cottee you have a track record of success.