CTP
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5.45% 5.2¢ central petroleum limited

bonds converted!

  1. Donthat
    939 Posts.
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    04/03/10
    21:30
    Post #: 6407560
    As predicted Bonds have been converted at 8.7C when SP yesterday was 12c and dragged down today to 10.5c!

    Only half converted so 5.7 Mill shares will hit market when T/O is only 1.9M a day.. Watch out when next 5.7M hit market!!

    SP can only at best go sideways but in worst case drop to well under 10c IMO.. And then in another 30 -45 days same will happen again!!

    Better IMO to monitise current discoveries and get rid of Bonds if you want to preserve your capital investment!!
    CTP Price at posting: 10.0¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 12  Upvote
    lightbulb Created with Sketch.  Great analysis
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