Originally posted by prato
Look I'm all for confidence that we are soon due for a major revaluation of our stock because the NGP is now open and in the next couple of weeks CTP will be pumping gas!
However, we know that major shareholders very recently sold shares, not bought. The SP continues to retreat the closer we get to our "big day".
I am puzzled. On the one hand we have many posters far more knowledgeable than I, basically saying keep cool, it will all take off soon.
Excuse me, but if this were the case, surely the market would be looking to get in before the stock rises?
Anyway, this is my parting concern before the holidays and I shall return second week January 2019, by which time you can say there you go Prato look at our SP now truly reflecting our true worth!
Fingers crossed, Happy holidays to you all.
I believe there are a few reasons why the CTP share price is stagnant Prato
1. general downturn on ASX recently, driven by uncertainty in the global economy, including Trump v China trade stand off.
2. oil price down (affects all Oil & Gas producers) due to increased North American Shale production and doubt in OPEC and Russia reducing their production
3. poor marketing of CTP to the brokers and institutions - I believe this has been noted and will be addressed by the company in the New Year. One of the reasons Stuart Baker is on the board.
Denny Crane
