I am somewhat relieved that we are finally starting a new financial year with the dreaded EOFY now finished( It certainly was not nearly as bad as I expected). We now have much to look forward to.
I feel that NEGI must surely become a reality which , together with the great deal that RC has achieved, could transform CTP and add substantial value to our share holdings, subject to the Company being successful in achieving the increase in gas reserves that they are targeting in the near future and additional sales contracts which RC alluded to.
I have only one fear as I feel that if the above objectives are all realised and with the latest free trade agreements signed with China and others we could become a takeover target as obviously CTP is deemed to be the the largest tenements holder in Australia. I would much prefer a J/V with a substantial partner.
In any case Good Luck to all. D.Y.O.R
Klaas
CTP Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held
