CTP central petroleum limited

1.85%

5.5¢

Questions for 2017 Annual Report Webinar, page-10

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ravishankaray

11,084 Posts.

10/10/17

18:27

Post #: 27801192
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Originally posted by johnheugh ↑

Webinar : In Cottee's opening few words he says that when he took over as MD in July 2012 the Company was $35 million in arrears in the exploration programmes. That is patently untrue and spin all for his advantage. All exploration companies commit to annual exploration expenditure which is due to be completed on each anniversary date for each of the relevant tenements which usually all have different dates. Cottee's spin is that the Company had reached the anniversary dates for $35 million of expenditure in total across various tenements and was behind in its expenditure. Absolute bollocks! Go through CTP's books now and you will find that there will be at any time a lot of exploration expenditure due to be completed by the relevant tenement anniversary dates. I have to hand it to him however, when his career is finished with CTP it will be an easy exit into a career in pork barreling politics.

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Funny that, Cottee says continually that he is not smart enough to be a politician, ... but I think he will do fine.

Haasko also has stated that the company was in dire straits financially when Cottee's ROT started.

5 years wasted while this bloke has been in charge, ... who woulda thought ?

CTP Price at posting: 9.5¢ Sentiment: Hold Disclosure: Held
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Last 5.5¢		Change 0.001(1.85%)		Mkt cap ! $40.98M

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