CTP
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10.0% 5.5¢ central petroleum limited

CTP DEVELOPMENT POSSIBILITIES, page-220

  1. psi81
    6,303 Posts.
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    23/04/24
    06:56
    Post #: 73466860
    I'd rather see a share buyback than a dividend if there is genuine FCF left over. The Mac transaction showed how undervalued CTP is by finally giving us a tangible market metric, even with the recent price rise we're still dirt cheap.

    But I'd still rather we use any excess cash to help fund exploration. We're not getting a multi from the current operations, we need exploration success.
    Last edited by psi81: 23/04/24
    CTP Price at posting: 7.0¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 11  Upvote
    lightbulb Created with Sketch. 2  Great analysis
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