CTP

Those who bought into the SPP recently for CTP must be laughing all the way to the bank. But the former CEO must crying his heart out. He had the vision to lead the company into Central Australia. Isn't it nauseating when the share price flies upwards when you are sacked?

Most shareholders like fast bucks. JH prefers the self-development philosophy but he failed to understand capital raising. He has forgotten how expensive it is to raise money. And how difficult it is to do major work yourself. Drilling in remote areas costs a lot of cash.

At this stage, it is very difficult to see which way CTP will move. For those who are short of cash, it is worth considering cashing off some of the recent shares purchased. In future, the share price could run higher still but a profit is always a profit and greed is risky. Morever, if the share price comes down, you can purchase the shares you sold at a cheaper price. I am in no desperate need for cash and I usually invest for the long haul, hence I am staying put.