Club Mulgoa

Monday, November 26, 2012

TPT

This is perhaps the only spectacular SPP in recent time other than CTP earlier this year.  The SPP for TPT was priced at 28c and is how heading towards 45c within a month.  But when a SPP is this good, it usually means you won't get the lot you asked for.  But with just about 55% that was allocated, it is still a very nice profit!

But never touch this kind of stock unless you are prepared for heavy losses if no oil is found or there is political interference in the process.

0 Comments:

Post a Comment

<< Home