CPC has 2.5% of Delta prospect ,as there has been a capital...

CPC has 2.5% of Delta prospect ,as there has been a capital return of 33 c,there is about $2m in the kitty for 29mill shares,the directors previously said its oil project was worth about $3.5m.

My thinking is the new agressive shareholders (taken 20% off the dormant Danny Hill at 12c) will dispose of this minor interest and adopt a more agressive stance beit in oil or minerals.

This stock is firmly held but a taste he is a punt on the future that the directors come up with a good new deal.

with the equivelant of 5 mill in the bank approx 15c ,11-12 c is not a bad entry for things to come.