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?
where is the value?
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