I'm having the same realization with my other stocks coming into production and another mineral sands one I'm watching. It seems throughout the speculation stage; or pre production stage, the SP is pushed to expected and inflated future revenue prices before reality bites and the SP drops to buying opportunities before the next hype push. Once companies become producers then the focus entirely shifts to profit margins and debt management. No hype or speculating, just hard facts. It's been a hard pill to swallow but a great learning experience. After years of playing with specie stocks and the wild swings I have learnt enough to only invest in producers that have an income flow. It helps me sleep a lot better and no stress. CTP will have its day to shine and a few good cash positive quarterlies should have this SP on its way.
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- Ann: Central Petroleum to Commence East Coast Gas Sales
Ann: Central Petroleum to Commence East Coast Gas Sales, page-31
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Last
5.0¢ |
Change
-0.002(3.85%) |
Mkt cap ! $37.74M |
Open | High | Low | Value | Volume |
5.2¢ | 5.3¢ | 5.0¢ | $73.94K | 1.456M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1481 | 5.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.5¢ | 421806 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 55500 | 0.135 |
9 | 1167237 | 0.130 |
8 | 593133 | 0.125 |
19 | 902443 | 0.120 |
1 | 86000 | 0.115 |
Price($) | Vol. | No. |
---|---|---|
0.140 | 787079 | 9 |
0.145 | 1062465 | 10 |
0.150 | 344400 | 6 |
0.160 | 125481 | 8 |
0.165 | 497623 | 5 |
Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
CTP (ASX) Chart |