Hi Karll,
This is the point I have been trying to make for a long time. It doesn't matter what the share price is now unless you need to sell now. It only matters what the share price is when you sell and that should be when the company has successfully reached its end goal and the market has responded in share price (as it will eventually).
CTP is a small oil and gas company. The share price will be manipulated and sold down often as it has in the past. If you can't handle that you should not have bought in the first place. The few constant complainers regarding the share price are a perfect example of this. They haven't got the heart to ride the ups and down of a small stock such as ours and constantly moan on this forum. Maybe the pain they have experienced will stop them buying at this end of the market in the future.
Everyone knows the strategy. The company recognised oil prices going down and the upcoming gas shortage, bought gas fields and reserves, pushed for a pipeline for the stranded gas, addressed the monopoly pipeline charges. etc
There are issues with funding, its a tough game. If you think they can't be solved you can take your 20c. If you can't handle the share price going down you can take your 20c. If you take 20c and that's as high as it gets you will be happy.
Not me. I don't care if the share price goes down because eventually this strategy is going to payoff. Its either going to payoff for me and other shareholders or Macquarie Bank.
Add to My Watchlist
What is My Watchlist?
