You disagree because you've never been able to grasp the fact that just because something was previously valued at a certain price doesn't mean it was justified, or that it will ever get back there, due to the effect of multiple capital raisings which have diluted the stock. Due to that dilution, a $1 share price now would be a market cap of $700M. Last time CTP was worth over $1 was back in 2008 and the market cap was about $70M!
But you're right about one thing - CTP had absolutely nothing back then except a handful of dusters.
CTP's current reserves and production are worth about 20c, maybe 30c with favourable market and tariffs.
You disagree because you've never been able to grasp the fact...
-
- There are more pages in this discussion • 28 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CTP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
5.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $37.74M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 325000 | 5.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.2¢ | 54161 | 1 |
View Market Depth
| Last trade - 07.00am 29/11/2024 (20 minute delay) ? |
| CTP (ASX) Chart |
Day chart unavailable
