You can bet:
1) That whatever coal is down there will be exploited over time
2) A company like CTP needs cash to drill, etc. and although I don't like the "dilution" effect, it is a necessary evil if the company is to be cashed up and viable
3) As UCG (and to a lesser degree CSG) technology improves (and with more experience), the coals on CTP tenements will only become more valuable - this is a given since the value of "a thing" usually goes up over time (mind you, it may not go up spectacularly, but it will in all probability go up).
Short term games will be played, but now that the probability of CTP holding an enormous coal resource is increasing with every drill hole, it should be clear that a long term hold on CTP may be the best strategy.
Of course, many can't hold LT and other are just not interested in the future - better to speculate in an uncertain world - or so they think...
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how comercial is ctp's coal -?, page-19
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Last
5.3¢ |
Change
-0.001(1.85%) |
Mkt cap ! $39.49M |
Open | High | Low | Value | Volume |
5.5¢ | 5.5¢ | 5.2¢ | $47.78K | 873.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 99825 | 5.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.5¢ | 561705 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 99825 | 0.053 |
2 | 292326 | 0.052 |
4 | 561685 | 0.051 |
2 | 265000 | 0.050 |
3 | 40418 | 0.041 |
Price($) | Vol. | No. |
---|---|---|
0.055 | 561705 | 2 |
0.056 | 22321 | 1 |
0.058 | 100000 | 1 |
0.060 | 99559 | 2 |
0.062 | 11500 | 1 |
Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
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