Talking to JH after the proactive investors presentation the other night he stated several times that a share consolidation is on the cards. His opinion is that having so many shares out there is great for traders, but not so good for investors.
He is also acutely aware of the importance of this drilling program to CTP's credibility as failure will make it so much harder to attract investment in future.
Having said that, I got the distinct impression that he is quietly very, very confident of success.
After chatting to JH I am very, very confident of success BUT I am under no illusions that this is a speculative stock and there are no guarantees that the drill program will be the success that so many seem certain of. Nonetheless, I am topped up and waiting to see what transpires over the next few months.
CTP Price at posting:
7.4¢ Sentiment: Buy Disclosure: Held
