I attended the Sydney meeting with about 40 others.
As a wrap up by, I think, Mike Herrington ( I was a few minutes late and didn't catch his name) he stated that if the pieces discussed keep coming together that on "reasonable valuations" our share price could be $1-$1.50 in 12-18months.
When we start making profits (or when future profits become obvious) the general investing community will give us a value that reflects these profits. At the moment we are still in the "spec stock who the F___ knows what the valuation should be" place.
I'm sure $1-$1.50 sounds good to many shareholders, especially those who are happy with half of this. If you sell hopefully your buy-in price was a lot lower and you make a tidy profit. All shareholders have different circumstances and it is always good to make a profit.
Maybe CTP doesn't get above 20 cent?????
Under current circumstances I wont be selling for $1-$1.50 in 12-18 months as I believe this will be giving the buyer of my shares too much value in the years to come. Such is my view of the potential of Central Petroleum.
My time frame is 5-10 years. Will I be right? We shall see.
Central is by no means a sure thing and is not without risk!
GLTA shareholders.
mg021
CTP Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held
