CTP 1.96% 5.0¢ central petroleum limited

where is the value?

  1. 579 Posts.
    lightbulb Created with Sketch. 1
    Hi all,

    My understanding is that CTP have $35.7M in bank as of 30 June 2010 (01084605.pdf).

    The current market cap according to comsec is $95M

    My questions are:

    1. Why the hell would they need to do cap raising now with $20-30M+ in bank?

    2. Where is the other $50-60M in enterprise value?

    To be honest, I can't say that 10-20m of oil show, over 1km underground could justify this.

    Am I wrong? Do they have something else?
 
watchlist Created with Sketch. Add CTP (ASX) to my watchlist
(20min delay)
Last
5.0¢
Change
-0.001(1.96%)
Mkt cap ! $37.00M
Open High Low Value Volume
5.1¢ 5.1¢ 5.0¢ $61.41K 1.222M

Buyers (Bids)

No. Vol. Price($)
1 462354 5.0¢
 

Sellers (Offers)

Price($) Vol. No.
5.5¢ 450000 1
View Market Depth
Last trade - 15.12pm 30/07/2024 (20 minute delay) ?
CTP (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.