CTP 7.55% 4.9¢ central petroleum limited

Well razor, here is CTP's 10 year chart. I am using the ASX...

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    Well razor, here is CTP's 10 year chart.  I am using the ASX version which adjusts for share issues, splits and dividends, to allow for CR's and consolidation.   In a strictly technical sense, I call that the bottom as it retests the 8.1c of January 2015.  Sure, it could go lower.  However, in doing so, it breaks into fresh territory and we are into a new paradigm.

    CTP is just on 12 months from pumping gas down the Jemina pipe. I have noticed that the market rarely attributes value to projects >12 months out, but will actively re-price as production approaches.  This re-pricing has to be regarded as imminent.

    DYOR

    Ash


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5.1¢ 179102 2
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