just out , page-36

Of course blame the drilling company!

I guarantee JH tried to do it all on the cheap. Paid peanuts and as a result got trained monkeys. I expect he knew of or would have examined the risk of contracting Century from the beginning.

The fact is that the company, namely JH, is ultimately responsible for all the disasters that have befallen CTP.

This has been imo a poorly managed company from the start.
SH's just kept ignoring the warning signs and believed in the big man with the grandiose plans. It was always going to be like looking for a needle in a haystack. Now he is trying to lure SH down a very deep path to extract Coal. He might get lucky one day but with the cash burn of this company those days are numbered.

I do feel terribly sorry for all the holders who have lost money. Most of us have lost money on these very high risk specs before MEO a good recent eg.

I guess pragmatically speaking, if you can't afford to gamble and cop the losses sometimes, it's time to give the game away or invest in companies already in production or buy blue chip. IMO.

Ex holder