One more thing to add...
I also feel that including "full dilution" is a little unjustifiable so with a calculation including only this current capital raising (in full) and shares currently on offer, CTP will possess 1,173,207,933 share capital.
This changes the equation to:
CTP's EPS = (500bopd x $50 profit/bbl) x 365 = $9,125,000/1,173,207,933 = 0.00777782 EPS
That would justify CTP's share price up to approximately $0.15 with a P/E of 19.29 (very much in between the industry averages)
RB
One more thing to add...I also feel that including "full...
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Last
5.1¢ |
Change
-0.001(1.92%) |
Mkt cap ! $37.74M | |||
| Open | High | Low | Value | Volume |
| 5.2¢ | 5.2¢ | 5.1¢ | $21.21K | 413.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 914693 | 5.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.3¢ | 109110 | 3 |
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| Last trade - 15.48pm 25/06/2024 (20 minute delay) ? |
| CTP (ASX) Chart |