CTP 0.00% 5.2¢ central petroleum limited

trading halt for cap raising, page-106

  1. 1,873 Posts.
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    Sorry Karl I think I am with the eagle on this one.

    A dirrector should make decisions that are in the best interest of the company, interest meaning for the ultimate improvement for the increase in economic prospects. Your agruement that shorters are part of the shareholder community is a little desparate, as they are negative shareholders.

    Currently with the boom developing in shale properties it is likely that CTP best interest are served by holding on to as much of their landholdings as they can. The longer the shale boom continues the greater the intrinsic value of CTP's real estate becomes.

    As someone posted today it was rediculus that after CTP found oil that you could buy shares at 5 cents.

    The current realignment of value was inevitable.

    We are now worth about $1.50 per acre which is probably still muliples away from where CTP is heading without JVs or any major developments.

    The Surprise oil field devlopment and continued exploration is still going to take many more months before we can make any estimates of its true value. Modest success will value it alone greater than the current new improved market cap.

    The new CR is awfully boring, unless we all get a big surprise and the shares are issued at a premium. Shares issued at a premium will reignite the rocket that CTP is turning into.

    Shortly (maybe this month) Petrofronteir will be Fraccing and flow testing in the Southern Georgina. Success here is also worth multiples of the current MC. Hey, we still have Madigan to drill its still there waiting and 100%, yes 100% owned by CTP.

    And people were selling their shares for 5 cents only two and half weeks ago.

    Saltbus
 
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