CTP 1.85% 5.3¢ central petroleum limited

announcement out, page-6

  1. 3,084 Posts.
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    Posty,

    Wouldn't a bank loan still require CTP to pay it back, therefore costing CTP money? I don't see how this is anything different to dillution, as the result is still that my shares aren't worth as much.

    Secondly, I would guess that it's hard to get a loan until resources are officially proven. That could take months after the testing is finished.

    CTP is trying to move RAPIDLY, so that as soon as possible it will be able to get as much oil out of this new province as possible.

    That's why the non-shareholder part of the CR has already finished (and shares are being allocated) - because they didn't want to delay.

    - Karl
 
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