RC has mentioned before,that MB are in the top three companies in the world for selling gas at spot prices.
MB are not waiting for a pipeline to be built, they are waiting to prove up the reserves and then will pounce, and as CB says, will have this company by March or mid next year.
In my opinion, the only chance that we have (if it is not to late already) is to vote against retaining this board and MD within the next 6-8 weeks at the AGM. I think this will be our last chance and if it doesn't work this time, we are well and truly snookered and we will be bought out for less than the previous SOA of 0.20.
And for the posters thinking that we will be getting $1-$1.50 (gasoroil) and as share holders we shouldn't sell out prior to that, your delusional and wrong. Yes, the company has the potential to reach that value, I agree with that, but MB, the current BOD and MD wont let that happen as a public listed company. If we can get 0.30c before a takeover and the real destruction starts, I would settle for that. I wouldn't be happy with it, but I would settle and end this 8 year sheet fight known as CTP and the selfish management and BOD who only have their best interest in mind.
If I had the energy, I would fight these F*#kers tooth and nail and expose all previous announcements and how they severely contradicted each other and how they have acted with ulterior motives and self driven agendas all along, never having the best interest of the shareholders at heart.
That fight might be for someone else who has a bit more time and energy that I.
They are there to be bought down though. The writing is on the wall and is obvious to all who wish to go back through previous announcements over the past 12-18 months.
Rant over.
Just my opinion and dot com.
Gibbo
CTP Price at posting:
9.7¢ Sentiment: Hold Disclosure: Held
