It occurs to me now that RC never actually stated which way he was betting...
It does strike me that CTP is being oversold on no bad news (depending on your interpretation of the director buying!) even given the market correction. Its not like CTP has issued a profit warning - a chance would be a fine thing!
Like anyone who has held CTP shares in the past I am wary of a 'buying opportunity' but I think it is fair to say CTP is in better shape with better prospects than the last time I sold out at a profit 8c (a long time ago on the way UP!), and there does seem to be a bit of irrational fear/EOFY junking in the O&G market at the moment.
CTP has some potential upside towards the end of the year IMO if we get positive seismic, not to mention the (white?) elephant in the room of actually maybe becoming a producer, with a falling $AUS in the background which won't hurt. If they have lodged the paperwork.
I'm guessing a bounce off about 6c shortly after the EOFY. I might be wrong, but don't bet against me!
don't bet against me...
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 (20min delay)
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Last
5.6¢ |
Change
-0.004(6.67%) |
Mkt cap ! $41.44M | |||
| Open | High | Low | Value | Volume |
| 6.2¢ | 6.2¢ | 5.6¢ | $15.59K | 266.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 2238587 | 5.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.1¢ | 102917 | 1 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
5.6¢ |
Change
-0.004 ( 6.67 %) |
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| Open | High | Low | Volume | ||
| 6.0¢ | 6.0¢ | 5.6¢ | 106637 | ||
| Last updated 15.32pm 14/06/2024 ? | |||||
| CTP (ASX) Chart |