Chewing through the 15.5c sellers might take a while. All who subscribed to the CR are enjoying a 55% capital gain in a few short months and the temptation to trouser it is high.
Drilling begins any day now. Existing gas starts flowing 1 December. There is an embarrassment of tax losses held off the balance sheet. so revenues fall straight to debt reduction, engineering works and exploration.
I don't know how far CTP will run, but it has only one way to go. Up.
Ash
CTP Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held
