re: not looking good-"well maybe" CPC placement is tipped to be at 32c to institutional investors only for about $5 mill, I am a little surporised but if it is to acquire lots more acreage and expidite drilling and production on current successful acreage.
Directors want to make the most of currrent high doemestic gas prices...
If once announced the shares dont rebound to 40+c,then directors will recieve a "bit of stick" at the forthcoming AGM in about 10 days...
A placement price of 32 is a little disappointing--if there is not a compelling reason
CPC
carpenter pacific resources limited
not looking good, page-13
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