News: Central Petroleum (ASX:CTP) bound for Toron, page-28

re: News: Central Petroleum (ASX:CTP) bound f... As I have said before (post 6721174), I think the recent plethora of media activity is good strategic work to creating a bidding market.

The key to success when you're seeking a JV partner, or a buyout etc, is to have multiple organisations bidding for the same asset. That way, they bid up the price.

Creating a sense of urgency, a compelling event etc, is part of that. That is what CTP are doing at the moment. We're getting media activity consistently.

I will buy a hat (of my own choosing - ie an ice cream hat cake) and eat it if there is a JV.

Guys, I don't know if you see it, but this is really good play by CTP. You might bag JH, but there are clearly some smart operators there - IMO.