I agree sav. I believe the CBM tenements (9,000kmsq) should be proved up this year and then sold to the highest bidder. Its a resource for a company with deep pockets. I believe its beyond CTPs reach to finance a 2-5 billion dollar project, considering its got a market capitalisation of just $30 odd million. I failed mathematics, but this is a no-brainer.
We should be chasing oil (immediate cash flow), then perhaps, if successful could set-up ctp to finance a GTL plant independently.
Has John got his priorities right?? Im sure he his doing the best job possible for all shareholders. He is keeping very quiet and not revealing much. Im sure John's intentions are good for the long term growth of CTP.
Stay tuned for a major announcement, its overdue !!!!
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Last
5.2¢ |
Change
-0.002(3.70%) |
Mkt cap ! $40.24M | |||
| Open | High | Low | Value | Volume |
| 5.4¢ | 5.4¢ | 5.2¢ | $16.04K | 297.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 214536 | 5.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.5¢ | 493216 | 4 |
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| Last trade - 13.06pm 21/10/2024 (20 minute delay) ? |
| CTP (ASX) Chart |