One might say CTP could also move up to 14c if you look at the chart. You appear to pick 8.5c out of the hat with no reasons except that you appear to hate management. One could see the higher target based on proven reserves increased production and revenue. If you care to look at most other small oil/gas companies listed on the ASX you will find many posters making exactly the same sort of comments that you make about CTP. The market has already shown interest in the large caps such as WPL, STO with multi million $ mergers. The mid tier oil/gas sector is also starting to move up KAR,BPT,COE, also SXY who are subject to a T/O by Korean company/Rinehart. The smaller oil/gas sector is just starting to get noticed and IMO interest will first be shown towards companies with proven producing reserves such as CUE,HZN,TEG,CTP,EEG ect. Would certainly like to hear your factual reasons why CTP will fall to 8.5c?
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