Yep, I couldn't agree any more. Having got out of LKO after a stellar run, I've now bought 200,000 shares in CTP to begin with. CTP's potential is amazing. The potential upside of any discoveries would be massive. Patersons' coming aboard in such a big way raising around $31 million indicates to me that many serious investors are coming aboard. Patersons must have plenty of confidence in CTP's future. Santos being not far away is also a big plus. I'm sure that they're keeping a close eye on developments. They've been doing a fair bit of buying of assets of late.
Roughly 66% of CTP's market cap is covered by cash and a very active drilling program lies ahead.
The only downside short term is if the JV with BG Group will go ahead as planned. IMO this may well have been fully factored into CTP's share price.
DYOR
todays trading pattern, page-8
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