CTP 1.85% 5.3¢ central petroleum limited

It now makes perfect sense why CTP has done a highly unfavorable...

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  1. 767 Posts.
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    It now makes perfect sense why CTP has done a highly unfavorable capital raising to triple 2P reserves before the NGP goes online to buffer against Macquarie and their predatory nature and intent. 2P reserves underpin value and the ability to raise debt debt with lenders. The CEO has seen these machinations before when he ran QGC from a $ 30 million minnow to a $ 5.7 billion takeover target dodging the big predators along the way. He is an old dog who knows all their tricks and likes a challenge. Bring it on, I hope to sell at $5 a share in 5 years. It may not happen, but our canny CEO might just pull it off. I had this company on my watch list for about 7 years and now have a very large stake.

    Bitcoin looks like it will crash soon, like the tulip craze of the 1600's, the Winkevoss brothers should sell off their stake bit by bit until it crashes. They have a $1 billion dollars worth after their payout from Facebook, very careful extrication, don't wont to to scare the lemmings before they have locked in their profits! Don't expect to profit from the stock market or something like bitcoin without a very disciplined entry and exit strategy. I haven't always been ruthless enough on my investing processes, but I am now. Don't fall in love with a stock on entry and exit evan with blue chip stocks that have been flogged. Buy them, and when you have a reasonable profit, and dividends sell. Leave something on the table for the next person or you will be left with nothing.
 
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Last
5.3¢
Change
-0.001(1.85%)
Mkt cap ! $37.74M
Open High Low Value Volume
5.5¢ 5.5¢ 5.3¢ $39.37K 724.3K

Buyers (Bids)

No. Vol. Price($)
4 350627 5.3¢
 

Sellers (Offers)

Price($) Vol. No.
5.4¢ 209525 1
View Market Depth
Last trade - 16.10pm 25/11/2024 (20 minute delay) ?
CTP (ASX) Chart
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