Nothing uncivil here. Just don't agree wwith the bullishness. Over the past few weeks I've sold all my holdings in CTP for one reason, and one reason only.
The current GFC is now at the point where the US taxpayer needs to fund the equivalent of one years GDP of the US !!!!!
The consequences of that for mine is that any investment will be focussed on cash-flow. "Potential" is for the "snake oil salesmen" that got us into the MADOFF schemes that are now slowly and painfully unravelling. CTP is in the right place at PRECISELY the WRONG TIME.
There are no long term global views ATM.
CTP "were" my main speccie / punt / long termer (whatever, but I was in fairly big !), and the last one I got rid of (and regrettfully so). Most big US businesses are potentially bankrupt, so I just don't see CTP being able to secure funding for their long term exploration program, less so anyone pushing the SP up to reflect their "potential". That part of the market is surely over as the borrowing has dried up.
Yes, sitting on potential, but in the greatest credit / financial crisis ever. And they need funding for exploration out to several years at minimum, funding to commercialise their "potential". Ain't gunna happen.
CTP Price at posting:
12.4¢ Sentiment: Sell Disclosure: Not Held
