CTP 7.69% 4.8¢ central petroleum limited

if bg walks?, page-43

  1. 1,074 Posts.
    Hi Grumpster,

    "I thought you sold out greggy?

    keeping a slice for a rainy day?"

    I've sold out after buying around 8c plus options bought around the 4c mark. CTP is still on my watchlist, but in the very short term I'm now concentrating on CYS options. I used my CTP proceeds to buy them.

    Medium term to longer term I reckon CTP has the potential to become a big star, but what it needs is some drilling news. CTP has had a reasonable run of late, but IMO it might not go much higher until there's either confirmation that BG's in for the long run or drilling news. However, with CTP's huge bank balance, I reckon they're in a much better position than ever to start drilling without them.
    Good luck to all CTP holders. CTP is still on my watchlist.
    DYOR
 
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