CTP

http://www.proactiveinvestors.com.au/companies/news/18081/central-petroleum-worth-eight-times-current-value-according-to-bakers-investment-group-18081.html

Of all my current stocks that I hold, CTP takes the cream for hyping. It is only surpassed by MMR but that one has crumbled due to failure to prove any hydrocarbon at first drill. PCL only does it intermittently but it has powerful and rich joint venture partners.

I have met the boss of the company and he has tremendous faith in the company. It has the biggest tenementssss in that area.

If that valuation of CTP is true, then it is a wow for me. So far, it hasn't really proven anything big. There is a lot of coal but it is too far from any port and the quality is nothing to brag about. The hydrocarbons found are nothing to rave about either. But if it proves to be as lucrative as shale gas in the USA, then this one is worth more than the above valuation.

Never buy into this stock unless you are a calculated gambler and you have no qualms about losing everything. Of course, if it hits the jackpot, then the big boys will start to take over the management.