CTP 1.96% 5.0¢ central petroleum limited

Grantjo,I think it will prove to be a well timed buy. The...

  1. 1,987 Posts.
    Grantjo,

    I think it will prove to be a well timed buy. The announcement probably won't add much detail, after all we're simply expecting a clarification of the earlier announcement and I assume all the good stuff is already out there, it just needs more justification to satisfy the ASX.

    My thoughts are that there will have been a lot of interest generated through the TH itself (as I said earlier) and that this will cause at least an initial spike up. Add to that the fact that the trading day after a major announcement such as this one is often a strong up day and you could actually see that 20c target of yours.

    Cheers

    Badfish
 
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