Is it time to sell?, page-8

Unfortunately it's pretty much just a waiting game now Jim. This pipeline is being built, all 35,000 pieces have been ordered and are being manufactured now. CTP's stranded reserves will finally find a very hungry market however this will not occur until sometime in 2018. There is the possibility that binding GSA's could be signed at anytime between now and then. The effect of a large GSA on the share price could be nothing but positive and one would find that the NPV of CTP would gradually increase for everyday that passes closer to 2018 as once that gas starts flowing so will the cash. In my view we won't see a GSA signed until sometime in 2017. CTP have time on their side and RC knows it. The NT election and Labor's uneducated view on a fraccing moratorium hasn't helped the share price. I reluctantly did sell half my holding a few weeks ago as I suspected the price would fall post-election. Doesn't change the long-term view though and really 2017 is not that far away.