CTP 0.00% 5.2¢ central petroleum limited

Liladime that report is now well out of date It says sell ctp...

  1. 103 Posts.
    Liladime that report is now well out of date

    It says sell ctp because at the time the price was likely to fall from 20c and ctp would be unlikely to raise the capital it needed for the drilling

    Now ctp have raised the capital and it’s share price is 10c, so back then ctp was very risky at 20c

    But that not true now at 10c and with all the capital needed for drilling

    By the way ctp have a cash balance end of 2017 of $28.6M Plus an additional $5.5M coming in January from take or pay receipts
    That’s a total of $34.1M cash it now has and the company is also now chashflow positive
    The planned 4 drills will cost $25M which still leaves it with $9.1M spare
 
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