We already have planty of cash, releasing more shares on issues is gonna ruin CTP. Too many shares on issue :( We only just raised cash not too long ago. Also releasing more shares on issue back then too.
It'll never go up in Share price, like all the other companies that have too many shares on issue on the ASX.
CTP has just killed themselves, and john heugh has damaged his reputation by doing this. I had such high hopes for this company...
This actually makes me angry, as im a large share holder, and this shows poor managment. If anyone tries to upramp this move made by CTP, then your living in denial.
Do we really need over 50 million cash for 1 year over drilling? Cmon guys, this is a joke!
Use the money we have now, drill, make discoveries to RAISE SHARE PRICE, then raise a little more cash...
BIG MISTAKE CTP... BIG MISTAKE!
Day traders will come and ruin this 100%.. Good luck to all holders. I dont know what im gonna do yet, but clearly im not happy. Again, dont any uprampers EVEN TRY to turn this into good news. Cause people like that make me sick.
To everyone who said this will hit $4.00 to $10.00...... Think again. Not with that many shares on issue....
I hope im wrong, and this rockets, for my sake especially, but sometimes we need to face reality... Another 300 million shares on issue...
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We already have planty of cash, releasing more shares on issues...
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