CTP
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1.96% 5.2¢ central petroleum limited

Good find, mongy. Looks like the feds just gave CTP $6m - to do...

  1. Ashentegra
    2,299 Posts.
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    17/01/18
    14:49
    Post #: 30375758
    Good find, mongy.

    Looks like the feds just gave CTP $6m - to do something they were going to do anyway.

    That is nearly 8% of CTP's market cap. No tax cos substantial accumulated losses. Probably puts CTP into positive equity too.

    Sweet! Straight off the MQG debt or some extra drilling.

    Ash
    CTP Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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