CTP central petroleum limited

1.72%

5.9¢

RC was a master communicator and strategist. He’d have the SP...

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justinmetals

8,388 Posts.

1701

05/08/19

19:20

Post #: 39869899
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Originally posted by diggingyourselfintoahole ↑

Hi Prato,

I think the one thing that HAS changed about CTP is that it will continue to exist, as they have a positive cashflow, reserves, potential for expansion of reserves in an economic manner with current paid-for exploration ongoing, and are paying down their (not insignificant) debt. I understand your frustration because, well the performance of CTP has been extremely frustrating for a long time, but I really do think it is a different company to a few years ago before it was producing. I don't think this is properly reflected in the share price.

Dukas success would be a major change though, I don't think that could be called ramping, as long as you temper it with the fact that the postulated multi-TCF success is unlikely and it may be a complete duster. At least it isn't costing CTP anything to drill it and the information gathered will certainly be useful in evaluating nearby similar prospects.

I am concerned more about the governance of the company, as I think showing it is a more professional outfit with good communication will attract more investors and perhaps improve the share price (which is, after all, what the company have been saying they will do). Hopefully someone from the company reads these forums and feeds back to the directors around this.

I hope the value of your investment grows...

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RC was a master communicator and strategist. He’d have the SP singing by now.

On the other hand LD will do everything right to give the SP it’s own voice in good time. CTP doesn’t need RC as much as it needs LD now

Last edited by justinmetals: 05/08/19

CTP Price at posting: 14.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 5.9¢		Change 0.001(1.72%)		Mkt cap ! $43.97M

Open	High	Low	Value	Volume
5.9¢	5.9¢	5.7¢	$4.364K	74.41K

Buyers (Bids)

No.	Vol.	Price($)
2	564138	5.7¢

Sellers (Offers)

Price($)	Vol.	No.
5.9¢	172675	2

View Market Depth

No.	Vol.	Price($)
2	564138	0.057
2	224795	0.056
1	100000	0.055
2	108144	0.054
1	18870	0.053

Price($)	Vol.	No.
0.059	172675	2
0.061	137146	2
0.062	10000	1
0.067	149268	1
0.068	409677	2

Last trade - 15.15pm 20/06/2025 (20 minute delay)

CTP (ASX) Chart

RC was a master communicator and strategist. He’d have the SP...

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RC was a master communicator and strategist. He’d have the SP...

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