CTP 0.00% 5.0¢ central petroleum limited

ctp is considerably overvalued, page-11

  1. 3,145 Posts.
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    I have owned CTP stock 3 times in the last 2 years, but never for more than 2 weeks at a time and I've done well from it and maybe will do again sometime in the future.

    It's not a long term prospect for me because management haven't convinced me to the contrary. Yes they have an amazing potential... with billions of tonnes of CSG and Helium and oil and....

    Not meaning to down ramp.... just saying so far this company hasn't produced the goods that it's mangement spruiks and has been doing so for many years.... too many I'd say.

    I think they should stop bleeding money out of loyal shareholders (like this latest raising) and get it from other means..... I know the ROG, BG thing went tits up but farming out some of their tenants is a good strategy.... they own practically half of NT! They just have to show better judgement and management of the companies and situations they get involved with. John Heugh I think is a very good geologist, but to date he has not proven a good MD.

    For you long term holders... I hope surprise finds something that flows.... if so.... maybe take the chance to make a buck and run.
 
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