profit taking, page-7

Also appears to have something to do with the late buying frenzy on Tuesday. Appears some purchasers may have been trying to pre-empt CPL joining the ASX 200. On current market cap it would however, the criteria is based upon the daily average market capitalisation of a security over the last six months so we are more looking at inclusion in March 2011. In addition today is pay day for those hoping to make a quick buck from buying on Tuesday. No cash then they are forced to sell into yesterday and today leading to bigger falls in share price. In my view all is still good with hopefully PFS next week. With this release brokers will be able to value CPL and ascribe target prices. Then we have the marketing and broker road shows as alluded to in the last quarterly. Therefore, my tip is still $2.00 by xmas.

On another point the North American market is appearing to be waking up to coal. Grabbed this link off stockhouse http://www.eresearch.ca/_report/Pinnacle_112910Coal.pdf Maybe we should email and tell them to stop looking as we have found the investment for them CPL/CPT.

Regards

Danash