Next opportunity do do something potentially constructive is webcast Tuesday 10 a.m. CEO should address :
1. Fine print relating to " uplift " at Mereenie with Macquarie - accounting treatment , timing of repayment - this should be exhaustive and
make certain all aspects of transaction are crystal clear ;
2. Articulate performance issues at Palm Valley - is the well deteriorating ? Why ? Prospects for recovery of output ? ;
3. Connecting PV13 to existing treatment equipment is simple, uncomplicated, easy, inexpensive matter - what has prevented this from
being done ? ;
4. Ensure all matters obscuring analysts ease of understanding and interpretation are cleared.
5. Re-instate invitation to shareholders / analysts to attend in person webcast at CTP offices.
CTP see the webcast as a discussion specifically of the quarterly report however shareholders should use the occasion to ask any and all questions exhaustively across full range of CTP's affairs. Any matters left undealt with satisfactorily or new matters not resolved will extend current share price inertia and analysts / potential shareholders avoidance. Test of Chair and CEP's claim of new powerful focus on shareholder communication is now underway being assessed very closely. These matters must be cleared by Sept quarterly webcast otherwise they will drive shareholder responses and behaviour at AGM.
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