Sometimes as an investor it can be frustrating waiting for announcements with results or news, and often shareholders are in the dark about what "may" happen and what "will" happen, as best laid plans are actually just aspirations. In all honesty in the past 5 years that could be said of CTP, and I suspect the market is wary with this, and is reflecting it in the current share price.
The link below shows a new video of the NGP construction progress posted in the past week. There is real effort going on at present to make the plan for this company's production and revenue forecasts happen this year. In parallel consider the following that is also happening now, which we don't have such good images of:
- Drilling underway by Ensign at the WM-26 site, almost completed
- Prep of the pad for moving the Ensign Rig to PV-13
- Fabrication/installation construction work for the Mereenie plant upgrade
- FEED work on the Palm Valley Plant upgrade
- Various management & operational prep & employment underway at CTP now
https://www.youtube.com/embed/ngrVi2G7dWs
NGP Update, page-2
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Last
5.3¢ |
Change
-0.002(3.64%) |
Mkt cap ! $39.49M | |||
| Open | High | Low | Value | Volume |
| 5.5¢ | 5.5¢ | 5.3¢ | $83.26K | 1.516M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 234750 | 5.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.5¢ | 340510 | 1 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| CTP (ASX) Chart |