trading halt, page-3

Will,

There are two possibilities IMO.

i. Capital raising (which I doubt given the current share price momentum) Also, although RC indicated that he would not do this in the near term, if it was necessary, they would have the flexibility to ride the current momentum and seek a capital raising at a higher price.

ii. Announcement of the next O&G JV. Cottee was pretty confident when interviewed yesterday of the next JV with an international oil major being imminent. If it was to be inked say today, CTP would have no choice but to go into a trading halt in anticipation of announcing.


So in i. they had a choice to wait and milk the momentum; in ii. they have no choice; they must go into a trading halt.

So my guess is ii. Second oil JV announcement

So many trading halts, ... no time to trade the shares :)
All good IMO

(or maybe a sale of the coal ?)