The charts, the fundamentals, the upcomming drill campaign, the companies acerage and potential, Mars and Jupiter and my gut feel are all aligned......
What they all say is that the SP will not be at these bargain basement prices ST MT and definately not LT.
When they will break to the next level of resistance and how far and fast they will rise...DYOR. Ive done mine and have my sell price and time in mind and it certainly isnt today, tomorrow or next week at .135 .155 or anwyhere near.
As you have stated CTP has excellent support from LT holders (who KNOW the potential) and IMO unless they are forced to sell short or take additional stock on a ST trade basis the supply side of both CTP stock and its options will be limited keeping the price trend upwards.
Sorry guys dont want to ramp but some of the discussion over the last week has strengthened my views and confidence in managements capacity to fulfil the companies stated objectives of being a major force in the Aussie O&G Industry.
chart, page-8
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