CTP 0.00% 5.3¢ central petroleum limited

Strange Trading, page-4

  1. 636 Posts.
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    Why are you bothering TS? FYI I averaged down a lot and exited almost entirely around the Mac TO, I even got 20.5c for some, and I made a reasonable profit. My mistake since then was buying back in too early; but having averaged down again I'm pretty comfortable given the position the company is in, cash in the bank, debt pretty insignificant , valued at a fraction of their assets. Like the purchases by NZO/Echelon/Cue have demonstrated, the only time the true value of the assets is realised is when someone wants to buy them. However, if they keep putting money in the bank, eventually the low sp stops making sense and it will go up, despite the best efforts of cappers/churners etc. and I am patient enough to wait. In the meantime, there is huge potential in their other prospects, maybe one day they might even be drilled!
    So following the "puppy" analogy, you could say that CTP is now a dog! But it's a working dog, earning its keep. IMO.
 
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