CTP 5.45% 5.2¢ central petroleum limited

more bonds converted share price dumped, page-12

  1. 127 Posts.
    Tas I am a glass half full kinda guy and can see advantages in early drawdown of bonds.
    1.With the current lack of information regarding drilling etc the price is low, allowing believers to buy more at what could turn out to be a bargain price in the future.
    2.The SP is not likely to rise at the moment because of point 1. My theory is get some dilution now with DBZ selling shares into the market albeit depressing the SP but more importantly there will be less shares dumped on market by DBZ when good announcements are forthcoming.
    Just my thoughts
    ally
 
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