CTP
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10.0% 5.5¢ central petroleum limited

" at 30 April 2012" was $7.15 million.In the CTP Presentation...

  1. buddy134
    24,386 Posts.
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    13/09/12
    22:55
    Post #: 10716493
    " at 30 April 2012" was $7.15 million.

    In the CTP Presentation released to the market on 12th June 2012 it stated in the "Company Snapshot" that "Cash at 30 April 2012" was $16.5 million.

    Given that CTP's cash position as at 30th June 2012 was $12.105 million (having raised $10.188 million in the Quarter)"

    Goggo,

    If mathematics is not an opinion, it appears that in the two months 30th of April to 30th of June), they have burned a total of $5,233,000 dollars. TWO MONTHS LOL.!!
    Not a bad going for being only an explorer company.

    Obvioulsy the overheads costs in this company of ours are way way way too high.

    There are companies out there that are I don't know how many times bigger than us, and produce bundles of oil and gas, and their Admins costs are no way near ours.
    CTP Price at posting: 52.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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