CTP 1.89% 5.2¢ central petroleum limited

I think the reason why we are not seeing any great movment in...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 8,114 Posts.
    lightbulb Created with Sketch. 73
    I think the reason why we are not seeing any great movment in the SP is because of a combination of the following

    1) End of Financial Year Tax liabilites

    2) Punters washing their shares to get losses.

    3) GFC (and Greece et al)

    4) General uncertainty in resources sector due to Resources Tax

    5) Pre general Elections uncertainty (Election will be held by November business taking a wait and see position)

    6) CTP claim to vast resources which all sound too good to be true.

    7) Exploration stage and no proven resources.

    8) Possible concern about no substantial JV partner

    I think we may see a differnt sentiment once teh election has been called and CTP releases positive news in relation to Orrimmonna 2


    CB
 
watchlist Created with Sketch. Add CTP (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.