CTP company development / capital management, page-21

""(Are you really trying to tell me that CTP are going to operation at a loss for 6 years? Then at the end of that time have run out of money and be forced to stop all operations?)""

Well can you please guide me as to how much profits they have made over the last 6 or 7 years.?? It is all there in black and white is it not.??


""( If that was the case what would be the point of them operating at all? )""

Good question but based on past records one has to wonder. All we know that many people within the last 6 or 7 years employed by the company have been paid quite handsomely and possibly over their worth while we have been rewarded quite handsomely with huge losses in our investments. Am I right.??


""(Why did MAC Bank buy 50% of Mereenie if it is truly such a terrible investment?)""

That's another good question. But you tell me as to why Santos sold Mereenie for that small amount of money if it was as good as many here (including you) are making it sounding like a top investment and creating a fortune for us all.........Silly old Santos................As if....


""(Yeah I don't believe it. But we will find out soon in the up coming quarterly report.)""

Well tell me as to why they chose to tell us in the coming quarterly (IF it will happen that is), and not as soon as all of that started.


""(What we do know is the volume of Gas sold has increased by 3 times. We have not had the sale price of the Gas confirmed. We have not had the cost of production and pipe tariffs 100% confirmed either. This should be cleared up in the next quarterly. )""

Yep, we know nothing about what the gas volume sold and going down the pipeline is. All we know is that they told us that it has increased by 3 times. Now 3 times of what amount.?? It could mean a huge amount of gas and it could mean bugger all. That is only the usual Politicians talk. And then, like you've said we haven't been told the costs of production and the pipe's tariffs either. Now why waiting for the next quarterly and not telling us at the occurrence.??
Besides they haven't even told us if the gas going down the pipeline is to fulfil Macquarie's prepaid gas or sold to someone else either.


""(I would expect the quarterly operating profit to increase by somewhere between $5M and $15M depending on sale price and pipe line costs)""

A wild guess at best. After all and based on your comments, you made it clear that those profits are based on the sale price and the pipeline's costs. So, and unless you have some internal/inside information we haven't got, why raising that point when it is only based on hot air and without any basis whatsoever.??

As such and based on past experiences with this company, I am sorry to say that I am not as enthusiastic as you are.

Cheers and good luck.