ctp chart, page-38

Time will tell of course, but that would be a massive retrace and I'm not sure it will head there......yet. There are now tangible positives for the share price to cling too, but I could also see a lot of profit taking now that the 30 cent mark seems a far off ceiling. So there is more value in the business than when the 10 cent support level held so well.

However, medium term if signings of understanding for future contracts to not start to materailise by end of Q1 2016, there might be a retrace. However, I imagine CTP will already be quite a way down the path of informal supply discussions with numerous parties. It is the price they can get that will be interesting. That is an unknown because the price to use the NEGI is anyone's guess right now.

CTP is carrying debt, but has a deliverable commodity. They must service that debt until 2018. If any more debt comes on board, it might make things look messy.


Just my rambling thoughts on this. How it plays out long term will be interesting. In the short term, day traders will enjoy this one between 15 and 24 cents is my best guess.