"As I said, lets see how unbiased they are and if they really want these oppies exercised. Lets see them extend them for another 15-24 months due to their procrastination if they are confident of Santos and Total making us rich."
Fat chance of that happening. Options overhang are a company killer. It goes against RC's 'institutional grade' thesis. Besides, it wouldn't be fair to those who sold out at a loss basing their decision on the current expiry date.
"RC was screaming from the roof top over 12 months ago that these oppies would be converted so we could fulfill our share of costs for the JV commitments we inherited from his tenure."
I remembered that. He even added something along the line of " it's as simple as that, nothing complicated". Maybe not quite as simple as he first thought? Even he is frustrated by the lack of market response so far.
"What I believe is that due to the current deals and maneuvering, CTP is toast and will be swallowed up"
I'd love to see that! IMO RC won't go down without a fight.
"Management will off course be looked after if this happens and offered jobs and new oppies IMO in the new entity."
Some holders of QGC might be able to dispute that. I think someone mentioned that he was offered a position in one of the entity (BG?) after QGC was taken over, but refused because of a perceived conflict of interest similar to your statement above.
CTP Price at posting:
37.5¢ Sentiment: LT Buy Disclosure: Held
