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4.17% 5.0¢ central petroleum limited

CUE/NZO have built a warchest of over $40m. While roughly 1/2 of...

  1. Mitchdon
    714 Posts.
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    06/02/24
    18:25
    Post #: 72268894
    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 Price at posting: 4.6¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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