CTP 0.00% 5.3¢ central petroleum limited

epa92 refused, page-10

  1. 1,987 Posts.
    Yes and now the funding seems to be under threat.

    Without going back and looking at the detail of the Bond facility, I seem to recall that one of the conditions was that the facility would be terminated should Central trade below(???) 15c. As I said, I reckon the bond facility is one of the better things to come out of this company since the float but I wouldn't be suprised if the Directors get their options and the facility is terminated, leaving Central to have to arrange some other way of funding these grandiose dreams.

    Cheers

    Badfish
 
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