CTP has had rumours of JV partners for along time and also some other mumblings of unhappy shareholders wanting to roll the board. One of the T20 holders has supposedly threatened the board and the next AGM should be entertaining if something doesn't happen prior to then.
In essence maybe one of the above or something else ? They do have what also looks like a commercial find of oil.
Plenty of speculation but the average punter has no idea. The volume speaks for itself today and quite few myself included jumped on for the ride today after it smashed through the previous CR figure of 5.5 which was also a pretty big resistance level.
