short term trading - week starting: 24th sept, page-65

  1. 2,572 Posts.
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    Freehold...

    Noticed you got a well deserved HC pat on the back today. Agree... bucket loads of work with your posting / compiling / record keeping / leads. Please keep it happening while you can...! Its a great place to start searching for new ideas... thanks for the efforts.

    "Grogman" just a distant memory. Currently "Freehold". Maybe just "Free" when you crack the next million?!

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    Would not normally post again so soon on a stock here (except on company specific thread), so will make it brief but two pieces of CTR news today important for those on board or in either queue (and will leave it at that for the week with the CTR posts from me).

    Mini CTR volume today,... but....

    1) Positive drill progress news today (they managed 1000 feet drilled in 14 days... no jams ups etc) and nice feedback on oil and gas shows.

    CTR drill should now be heading into the interesting targets near 4000 feet at around the 11th Oct... just a month out from US elections... so timing for a strong spec market may be beneficial.... if the pollies keep feeding the markets cash.

    From CTR today....

    "Encouraging oil and gas shows were encountered over a 50ft section in the C 14 carbonates with gas and estimated 28 API oil to surface........ numerous samples from this interval displayed up to 50% oil saturation"

    "Oil and gas shows also encountered in a 10ft section at the top of the C 15 from 1,900ft"

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    2) Re-assuring that CTR decided only to raise (outcome known by weeks end) a small amount ($600k) to fund some expenses, and at a fair price (2 cent/share + 4cent oppie) not far from the last 3 months VWAP. Reasonable price to move off with further results.... and sensible to get on and get a bit of cash now if needed - with Europe finance "woes" brewing yet again today.

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    Enough CTR hoo-hah from me...

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    CHN ???


    Noticed CHN announcement today

    African "Goldie" etc

    CHN "Proposed" 10 cent cash return. 33 cents cash backing. 26.5 cent SP plus tyhe other usual variables.

    Worth watching if it dips, punters. Hard to time these cash back offer ones... as SP drop can leave you behind at the end of it all.

    Can also work out mighty fine.

    Not holding any CHN... just watching it.

    Gold sexy... cash sexy... CHN ??? Dunno on this one.

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    All the best punters.

    bsh
 
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