CTP 1.96% 5.0¢ central petroleum limited

Why I support the NO Vote, page-22

  1. 326 Posts.
    lightbulb Created with Sketch. 20
    Hi Karll,
    This is the point I have been trying to make for a long time. It doesn't matter what the share price is now unless you need to sell now. It only matters what the share price is when you sell and that should be when the company has successfully reached its end goal and the market has responded in share price (as it will eventually).

    CTP is a small oil and gas company. The share price will be manipulated and sold down often as it has in the past. If you can't handle that you should not have bought in the first place. The few constant complainers regarding the share price are a perfect example of this. They haven't got the heart to ride the ups and down of a small stock such as ours and constantly moan on this forum. Maybe the pain they have experienced will stop them buying at this end of the market in the future.

    Everyone knows the strategy. The company recognised oil prices going down and the upcoming gas shortage, bought gas fields and reserves, pushed for a pipeline for the stranded gas, addressed the monopoly pipeline charges. etc

    There are issues with funding, its a tough game. If you think they can't be solved you can take your 20c. If you can't handle the share price going down you can take your 20c. If you take 20c and that's as high as it gets you will be happy.

    Not me. I don't care if the share price goes down because eventually this strategy is going to payoff. Its either going to payoff for me and other shareholders or Macquarie Bank.
 
watchlist Created with Sketch. Add CTP (ASX) to my watchlist
(20min delay)
Last
5.0¢
Change
-0.001(1.96%)
Mkt cap ! $37.00M
Open High Low Value Volume
5.1¢ 5.1¢ 5.0¢ $61.41K 1.222M

Buyers (Bids)

No. Vol. Price($)
1 462354 5.0¢
 

Sellers (Offers)

Price($) Vol. No.
5.5¢ 450000 1
View Market Depth
Last trade - 15.12pm 30/07/2024 (20 minute delay) ?
CTP (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.