I cannot agree with the assertions that the market didn't know of the 10 billion barrels, I'm sure the market knew long before the technical note (28/04), perhaps even as much as 20 odd years before the recent techinical note.
So the potential upside WILL NOT be due to the SUPRISE element of last weeks announcement. Totally respectful of T4P's comparisons but the market doesn't seem to work that way.
I'm getting the warm fuzzies 'coz the upcoming activity confirms to the market, CTP's long term plans.
However, I wouldn't be surprised if CTP finishes down tomorrow.
On the other side of the coin, I don't think it's as risky a stock as some suggest. Great real estate and a business plan that seems to be destined to be actioned.
strange beast the market
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Last
5.0¢ |
Change
-0.001(1.96%) |
Mkt cap ! $37.00M | |||
| Open | High | Low | Value | Volume |
| 5.5¢ | 5.6¢ | 5.0¢ | $343.8K | 6.702M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 288354 | 4.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.6¢ | 409091 | 1 |
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| Last trade - 15.50pm 19/06/2024 (20 minute delay) ? |
| CTP (ASX) Chart |