Luckily in less than 3 weeks CTP will have much better cashflow and sales, and can roll Macquarie debt into cheaper debt, with a selection of other lenders, as there will be a definite road to market for the stranded gas via the NGP. This will lessen the pressure from Maquarie's boot on their throat.
The Incitec deal will diversify their risk base and provide $20 million in development funding in QLD. The drilling by Santos will also be a huge boost to a Moomba Pipeline PFS longer term.
Took some profits on CTP to buy more LKE shares to diversify energy mix of my portfolio. The energy for the next 3 decades will be underpinned by gas, solar, wind; and storage by Lithium Ion batteries (Lake Resources, and others), and Molten Silicon (1414 DEGREES LIMITED). Nuclear Fusion won't be up and running until 2040-2050.
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Last
5.1¢ |
Change
-0.001(1.92%) |
Mkt cap ! $37.74M |
Open | High | Low | Value | Volume |
5.1¢ | 5.1¢ | 5.1¢ | $11.38K | 223.2K |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 60226 | 5.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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5.2¢ | 140142 | 1 |
View Market Depth
No. | Vol. | Price($) |
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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 |
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CTP (ASX) Chart |