CUE/NZO have built a warchest of over $40m. While roughly 1/2 of that is earmarked for drilling this year it still leaves $20m in reserves and around +$5m cash each quarter.
Like you said @aabbaadd CTP could split into production and exploration businesses. Or they could sell the rest of Amadeus to CUE/NZO giving CTP the capital to actually do some exploration.
CTP DEVELOPMENT POSSIBILITIES, page-2
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Last
6.4¢ |
Change
-0.001(1.54%) |
Mkt cap ! $49.59M | |||
| Open | High | Low | Value | Volume |
| 6.7¢ | 6.8¢ | 6.4¢ | $2.645K | 39.50K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 114177 | 6.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.8¢ | 119498 | 3 |
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| Last trade - 12.07pm 29/04/2024 (20 minute delay) ? |
| CTP (ASX) Chart |