Club Mulgoa

Tuesday, November 06, 2012

CTP

After all the comments and write-ups (including one by a stockbroker), CTP share price has slipped this afternoon.  If anyone wants to sell at 16c, I am waiting to top up...

If this stock has poor prospect, you wonder why Santos and Total are moving into joint ventures with it, and paying for a higher proportion of exploring.  Of course, if CTP does it all by itself, it will eventually be a wealthier company.  But to explore an area as large as Victoria will stretch even BHP.

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