Club Mulgoa

Wednesday, August 24, 2011

TPT

http://www.ntnews.com.au/article/2011/08/24/255691_nt-business.html

Here is a calculated gamble. If you invest a small parcel, it could balloon out into a nice big one that you could not have afforded.... when/if it finds gas in huge quantity.

But it loses, then you have to go back to doing your normal job and re-accumulate for another tilt at another calculated gamble.

I hold ordinary shares and options in TPT. There is so much optimism in it that my options have risen by more 10 times. During the recent financial tumble, this stock stood out like a beacon. If that article is true and drilling confirms its hype, then what is 107 tcf of gas worth when 1 tcf is about a billion dollars worth? Today its market cap is AUD33 million. That means the market is pricing it for failure to find anything off NT and Morocco. Unfortunately that is usually the case but the reward could be phenomenal if drilling is successful. If you invest in TPT, you can't tell your spouse until it rockets upwards because 107 tcf of gas have been found... and don't forget to buy me a dinner! Actually 1 tcf will do nicely. Of course, if it fails, then inshallah! And don't complain to me as it is a gamble... a calculated gamble. Afterall, I have more invested in this stock than you unless you are a bigger calculated gambler than me. Just look back at MMR.

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