For what it's worth, here is my usual 2 cents worth for this announcement;
The Good
- The Company is looking ahead and has an ambitious plan for unlocking the potential value out of it's extensive acreage, taking into consideration it's current & forecast cash position, and risk-based exploration opportunities
- Farmin or selldown opportunities, if they can be realized, are a much better option for shareholders than capital raising at the current SP
- Eyes are still on the huge Dukas -1 (potential) prize, and this isn't being further farmed out. Dukas "look-a-likes" are obviously high on the agenda for the real future prize.
- Kevan Quammie may prove to be the best recent resource this company has had, if even only half of these CY2020 exploration plays are proven
- More details coming next week... bring it on!
The Bad
- The plan still requires external stakeholders to want to buy into our existing assets to fund the program; if this doesn't go to plan imagine we won't be drilling much. Let's hope LD has some interest already in the bag.
The Ugly
- One now has to wonder what the hell the board & RC were thinking in 2017 when previously we were told Ooraminna had a most likely case of 120PJ, and now it doesn't even get a consideration in the short-medium term future drilling.
- Forums
- ASX - By Stock
- CTP
- Ann: CY2020 EXPLORATION PROGRAMME - NEW GROWTH PHASE
Ann: CY2020 EXPLORATION PROGRAMME - NEW GROWTH PHASE, page-12
-
-
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CTP (ASX) to my watchlist
|
|||||
Last
5.1¢ |
Change
0.001(2.00%) |
Mkt cap ! $37.74M |
Open | High | Low | Value | Volume |
5.0¢ | 5.2¢ | 5.0¢ | $9.351K | 181.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 200000 | 5.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.1¢ | 40000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 35000 | 0.051 |
1 | 200000 | 0.050 |
2 | 292051 | 0.049 |
3 | 1230000 | 0.048 |
1 | 100000 | 0.046 |
Price($) | Vol. | No. |
---|---|---|
0.051 | 40000 | 1 |
0.052 | 464333 | 2 |
0.055 | 11000 | 1 |
0.060 | 210909 | 3 |
0.063 | 32737 | 1 |
Last trade - 12.12pm 09/07/2024 (20 minute delay) ? |
Featured News
CTP (ASX) Chart |