CTP 0.00% 5.4¢ central petroleum limited

i think people need to realise that ctp are very speculative and...

  1. 5,048 Posts.
    i think people need to realise that ctp are very speculative and although they have a very vast tenement area which could be argued is very prospective for the elements they are targeting there is a lot of risk associated with them at this early stage.

    ctp have a mcap of $100 million which is pretty healthy for a spec, so blamore RESULTS will determine the share price direction in the short term.

    i don't quite understand what people were expecting the share price to do when the spud was announced.

    instead of worrying about who, why, what and when, maybe its time to wait for target depth and see what happens.

    remember, ctp is SPECULATIVE and will trade accordingly.

    cheers

 
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