CTP 3.85% 5.0¢ central petroleum limited

Ann: Central Signs Drilling Contract with Ensign, page-111

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  1. 593 Posts.
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    Well at least you now have put your views in writing and we can all judge when the time comes Liladime, after the drilling results come in. In the meantime perhaps you could relax on the negative vibe, and just post constructive commentary without the constant white-anting? Here are a few thoughts in the meantime; 1. The DJ Carmichael release is way outdated now so using this as your basis won't fly. If we had all taken that advice back then CTP wouldn't be a listed company anymore. 2. While it seems HC and TS are at times a hotbed of enthusiasm for this company, I think you'll find the representation of shareholders is actually pretty low. If you don't believe me just ask Camdenbob. 3. It's all very nice to talk about removing the board but I think you'll find it much harder than it sounds. You would definitely need to get Macquarie and Troy Harry on side, and most of the other Top 20 folks as well. Keep in mind you'll need a plan to convince shareholders how you'll recapitalize after all the drilling burns the current cashpile. In other words suggest you start preparing things now (documented plan forward, new board and MD in waiting, etc) and have it ready to roll out ASAP after the drilling results come in. Campaigning now on HC is a waste of time, most here are battle-weary already. But if the upcoming drilling are all dusters like you predict you may have a shot...
    Last edited by O&GInvestor: 10/02/18
 
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