CTP 3.92% 5.3¢ central petroleum limited

ctpoa, page-13

  1. 961 Posts.
    Karl,

    It was a little ambiguous ... but I was comparing CTP to CTPOA.

    Both available today at 16cents and 3.5cents

    So,

    so CTPOA @ 3.5 cents

    excise price 25 cents (as you stated)
    Then throw in 100% gain (another 3.5 cents)
    and you come to --- 25 + 3.5 + 3.5 = 32cents

    which is also a 100% gain for CTP @ 16cents

    ie - break even.


    So,

    to buy CTPOA you are assuming that CTP will trade above 32 cents.
 
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