who is selling at these levels?, page-26

IMO the potential upside for the stock now looks much better than one week ago....

There has only been good news from the company on drill campaign and JV partners etc. Esentially nothing the company has done is cause for a 30% downgrade in SP

The market as a whole has been taking a string of red days. But hey volume has been up lol.

Stop losses have in many cases been triggered.

But we must not forget that for every seller there has been a buyer either taking a position at the lower entry level or accumulating....... Good luck to all new holders..What surprises will come to light with the next top 20 SH list???

If the success of phase one CSG leads the JV ptnrs to comit to a further 10 CSG wells in addition to the planned conventional wells in phase two IMO CTP will be getting close to a 2 or 3 P resourse triggering $5M bonus from ROG and formal cred on market. But then im just a simple accountant and could be mistaken. The market sometimes reacts in mysterious ways.

In the last 10 months the company has seriously derisked...

BG on board
ROG on board
Extention to EPA 130 JV
Grant of most mineral leases over the coal deposits.
Appointment of quality new staff Co Sec and Legal.
Phase One campaigh midway
Phase Two campaign agreed in principal.
Good broker coverage Patts
Good PR and public event presentations.
Prudent funds Mgt (the cap raising is in secure deposits and is being used on its stated purpose)
Awareness of stock by trading community.
Management focused on task at hand (delivering drill campaign and obtaining possible early cash flow)
Access to finance to complete both campaigns maintained if needed.

Importantly for the company there is a good proportion of LT stock holders who have done research and who know the story is about to unfold.

Traders, rampers and ravers will come and go...some will reap reward along the way whilst others will lose...Its just the nature of the game.