CTP CHANGE OF OWNERSHIP, page-53

First 53 Last

Share
Profile

Follow
TopSahara

8,129 Posts.

551

21/06/24

18:58

Post #: 74432270
Share

Originally posted by aabbaadd: ↑

All gas produced now is sold. More gas will be produced when 2 Mereenie development wells are drilled this year.

Current production sold to EAST COAST has operating costs AU$5.63, sales margin $2.64, well head price $8.31, pipeline costs $5..

Pipeline costs gas sold to PWC is $1.

EOI raises price significantly.

Well Head price $10 yields EBITDAX $50 million - 6.66 c/share.

Well Head price $16 yields EBITDAX $100 million - 16.6c/share.

DIVIDEND of 2cps is $15 million leaving $35 - $85 million for prospects development.

$15 - $85 million available spend is in addition to free carry of existing farm-outs and those to be done with Mamlambo and Zevon.

STRIKE 1 AGM 2023 could be followed by STRIKE 2 AGM 2024. It would confirm repetition of shareholder mobilisation and subsequent organisation turmoil to follow as happened with Mqcquarie bid.

Board aiming for stability and continuity would forsee those risks and declare above dividend policy avoiding repetition of those events. With income now 6.66 / 13.3c/share timely declaration of first dividend of 1c/share to be paid DECEMBER 2024 followed by similar MARCH 2025 making total annual distribution 2c/share is now.

At current share price 5c dividend yields are 20% and 40%.

Expand

I know the board is not that sharp, but I can assure you they are not that dumb they will pay out a dividend.

CTP Price at posting: 5.0¢ Sentiment: Sell Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

SNG

Siren Gold boosts antimony resource by 66% to 14.5Kt at Auld Creek, NZ

WR1

Winsome scoping study proposes low-cost operation for Adina lithium project

WMG

Western Mines identifies 2 high-grade zones at Mulga Tank in WA

PTR

Petratherm adds $1.6 to the piggybank ahead of SA titanium drilling program

ALR

Altair Minerals hits high-grade copper and gold at Wee MacGregor, QLD

There are more pages in this discussion • 47 more messages in this thread...

First 53 Last

Add CTP (ASX) to my watchlist

(20min delay)
Last 4.9¢		Change 0.001(2.08%)		Mkt cap ! $36.26M

Open	High	Low	Value	Volume
4.9¢	4.9¢	4.8¢	$2.064K	42.63K

Buyers (Bids)

No.	Vol.	Price($)
1	142434	4.9¢

Sellers (Offers)

Price($)	Vol.	No.
5.4¢	96554	1

View Market Depth

No.	Vol.	Price($)
1	142434	0.049
2	448188	0.048
2	628936	0.047
3	273952	0.045
1	50000	0.044

Price($)	Vol.	No.
0.054	96554	1
0.055	100000	1
0.056	19995	1
0.058	172431	1
0.060	121300	3

Last trade - 14.50pm 17/09/2024 (20 minute delay)

CTP (ASX) Chart

CTP CHANGE OF OWNERSHIP, page-53

Siren Gold boosts antimony resource by 66% to 14.5Kt at Auld Creek, NZ

Winsome scoping study proposes low-cost operation for Adina lithium project

Western Mines identifies 2 high-grade zones at Mulga Tank in WA

Petratherm adds $1.6 to the piggybank ahead of SA titanium drilling program

Altair Minerals hits high-grade copper and gold at Wee MacGregor, QLD

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

CTP CHANGE OF OWNERSHIP, page-53

Top Stories

Siren Gold boosts antimony resource by 66% to 14.5Kt at Auld Creek, NZ

Winsome scoping study proposes low-cost operation for Adina lithium project

Western Mines identifies 2 high-grade zones at Mulga Tank in WA

Petratherm adds $1.6 to the piggybank ahead of SA titanium drilling program

Altair Minerals hits high-grade copper and gold at Wee MacGregor, QLD

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News