$40m of free carry is coming to the end, that means that CTP will need to stump up their share of money in regard to cost in regard to jv.
Progress of Range will need further $ 50% jv.
Sub salt plays will need further $. Just looking at the last report they cannot afford carrying on the way they are operating, imo they will have to draw down on more debt.
NGP is out of their control and it wont be the last time it has a temporary outage. Central is a producer and the market is pricing it as so, needs to cut cost going forward imo, and bring forward the strategic review and act on it.
This has become a slow moving train wreck
ctp, page-43
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Last
5.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $38.48M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 630788 | 5.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.4¢ | 400000 | 1 |
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| Last trade - 10.02am 03/10/2024 (20 minute delay) ? |
| CTP (ASX) Chart |
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