CUE/NZO have built a warchest of over $40m. While roughly 1/2 of that is earmarked for drilling this year it still leaves $20m in reserves and around +$5m cash each quarter.
Like you said @aabbaadd CTP could split into production and exploration businesses. Or they could sell the rest of Amadeus to CUE/NZO giving CTP the capital to actually do some exploration.
CTP DEVELOPMENT POSSIBILITIES, page-2
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Last
5.6¢ |
Change
-0.004(6.67%) |
Mkt cap ! $41.44M | |||
| Open | High | Low | Value | Volume |
| 6.2¢ | 6.2¢ | 5.6¢ | $15.59K | 266.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 2238587 | 5.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.1¢ | 102917 | 1 |
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| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
5.6¢ |
Change
-0.004 ( 6.67 %) |
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| Open | High | Low | Volume | ||
| 6.0¢ | 6.0¢ | 5.6¢ | 106637 | ||
| Last updated 15.32pm 14/06/2024 ? | |||||
| CTP (ASX) Chart |