Stinky is right... Hey we've all made mistakes and we've all lost money on CTP (except vretts of course he's making money on it every day).
In answer to the 10c (in the near term) question - it's a good question... What would it take?
We've had oil shows at both JW1 & Surprise... Plenty of coal from drilling but it's very deep and crappy CSG results from what we've seen... And still she's around 5c.
I reckon the only hope of 10c in the near term is a JV or farmout deal for at least one of the prospective resources (maybe the coal?) and it would need to be a fair dinkum deal this time (no free looks, no IOU's, no free lunches etc.) with a genuine cash injection (circa $100 mill) to keep CTP afloat for at least another 12 months of aggressive exploration.
So what are the odds of CTP securing a deal like this based on her track record, previous JV flops and recent exploration results?
CTP Price at posting:
26.0¢ Sentiment: Hold Disclosure: Held
