CTP
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4.17% 5.0¢ central petroleum limited

markrmau,Not yet!!! The Bond agreement reads:"For subsequent...

  1. Badfish
    1,987 Posts.
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    22/01/08
    12:38
    Post #: 3271404
    markrmau,

    Not yet!!! The Bond agreement reads:

    "For subsequent issues:

    1. ....

    2. Minimum closing and 10 day volume weighted average trading price of at least $0.15 is required;"

    So, as long as it closes above 15c today the facility is still in play.

    It would be a shame for the funding to be lost as a result of the general market but I guess the provider is entitled to whatever "out clauses" they want.

    Cheers

    Badfish
    CTP Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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