RESIGNATION OF DIRECTOR
""##That’s what I read on other site but it may just be a guess. However the poster indicated no rig in Australia to handle very high pressures and have to source from overseas.##
Biggest lot of BS ever.
Where did the ring used by STX came from if there aren't any in Australia.?
Someone out there are still believing in the fairies.
""#I cannot understand why others haven't pushed Santos for proper answers regarding Dukas " failure", when so important an exploration target.#""
Two reason Rawali:
A) There is a real method in someone's madness, and
B) It might be a duster and/or not worth spending any money on it.
What are your thoughts.??
.... and just what is the method in someone's madness, ..... as all I see is that our company Central Petroleum has , since 2012, and JH pissed off, and Cottee given dinner on a platter without doing any work towards setting up the company, .... it has all been run on the premise that this company will be a private one and the share holders given the boot, just like JH.
The point is and you have to start realising that IMO this company was a basket case for many many years and even before that famous year of 2012.
Besides constant raising of capital what was achieved. I don't know...............you tell me. All I know is that I was sucked in very badly and lost some hard cash. Now I am trying to recover some of that money in trading a few here and there with some good success.
Yes Buddy, I know you have not had a good time since buying into CTP, but for me, I participated in the SPP's and got my SP buy in down from 16/20c , pre consolidation, to about 8c, from memory, Cottee did his 5:1 consolidation and SP was about 10c, (then became ~50c), ..... from there all down hill, with us share holders not being given any incentives or help to accumulate at a good price or reduce buy in cost by Cottee and his expert team.
Good post Rawali. But there are two things which quickly comes to mind while reading it:
1) The Consolidation of shares.
Well mate how much screaming and warning let alone flying the red flags as well did I do at the time telling everyone that it was the biggest hot potato ever to be sold to us and that there was a real method in someone's madness by doing so.?
Yet they all believed that it was for our benefits and that it would take the company out of the penny dreadful category and fully supported it while someone were even personally attacking me and moderating me for daring to say such a thing. Well mate where are we today.??
2) The averaging down part.
Once again mate, I can tell you that I have been down that road quiet a few times before and all I have managed to achieve was to be getting hurt. Hence why, before I am even contemplating of doing such a thing in these days I do some research and see if the company is in solid grounds and what assets they have before doing such a thing. It doesn't work all the times BUT IT SURELY HELP.
Failing to do so in most cases it will results in getting hurt more than you would have done if you didn't entertain that idea at all.
When a basket case always a basket case mate. And most importantly I have learnt to decipher and sort out the wheat from the chaff and work out who is a baseless and even paid up ramper and who is not.
""#When a basket case always a basket case mate. And most importantly I have learnt to decipher and sort out the wheat from the chaff and work out who is a baseless and even paid up ramper and who is not.#""
A good one which quickly comes to mind was our famous "ROH" (and a few others at the time) in the CDU threads.
When one is constantly promoting a company no end and telling everyone to buy because that was their best opportunity to become extremely rich but then one day telling us all that his shares in CDU portfolio was only averaging about 20 cents when the shares were at not less than $5 and $6 dollar per share for years and years, what does that tell you.??
Without offence mate, my suggestion to you is to read properly between the lines of what they are posting and then make up your mind if you are to follow and take notice of what they are saying.......................OR STAY WELL CLEAR AND AWAY OF THEM.
Sorry mate but I am straight shooter and will always call a spade a spade. How are you faring anyway.??
""#from there all down hill, with us share holders not being given any incentives or help to accumulate at a good price or reduce buy in cost by Cottee and his expert team.##""
And while this is and has been going in, did any of the ones culpable of doing/causing this got a cut in their pays or constantly increased it.??
I rest my case my friend.
Now, and with sorrow, what did the share price do yesterday.??
And now someone on the other site is saying that they are going take the opportunity to average down when no good news have been released and the silence form the company is deafening.
Someone even said that with the current shemozzle in Saudi Arabia, CTP should reopen Surprise to help Australia doing their bit.
Dear oh me......................with the amount of oil we managed to pump out even with the aid of a pump which we didn't need, let alone the water we have to contend with and forced to get it treated, (Or so we have been told), are these people for real or lacking part of what is into everyone's head.?