CTP 1.92% 5.3¢ central petroleum limited

just out , page-54

  1. 982 Posts.
    4.4c heads and 1.8c oppies was the lowest SP before the first JW1 Oil Show ann.

    I reckon CTP is actually slightly better now with some oil shows
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    It's only 2 hours into Day 1. People will get sick of holding and it will decay to 3.x cents. Surprise should have been done before the wet season, but now we have to wait probably 3 months just to get to where we should have been last week?

    I think we've all had enough of the useless, repetitive coal and helium announcements.

    CTP isn't better off than where they were before the oil shows. Now that they have a bad reputation, lots of potential buyers have put a "Do not touch" sign on it.
    It'll never get to the 10c mark unless we have an announcement titled, "JH drowns in the oil flow".

    We got lucky and did a Capital Raising at 8.6c. When the money runs out (and at this wasteful rate, it won't last long), the next raising will be lucky to be in the 3c range.

    I don't believe you get lucky. I believe you make your own luck. The same goes with bad luck. It doesn't just happen, you make it happen. I can just see the announcement in 3 months time, "Surprise bridge plugs weren't set properly, well flooded and useless".

    I decided if I'm gonna wait 3-6 months just because something "might" happen, I'm better off putting my money in something else, possibly Lynas. At least they'll be a lot closer to ACTUAL production by that time.

    Good luck to you, but as I stated earlier, we make our own luck.
 
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