Whats happened to the SPP? Where are ctp going to get the money to do anything after this unless you hit 12c on an oil flow anouncement? even if they hit oil they will have to do a capital raising at 10-12c to raise the necessary capital to get it out of the ground and commercial. I can only see 2 ways this can go, its a duster shareprice falls to low levels and the other is as above in which case where and how does it make the company, they will only dillute again and for long term holders this stock will never get to 45c.Please be realistic no one is going to buy out ctp for 500-100 barrels, there are alot of companys with alot more oil and gas that would be targets long before CTP.
CTP Price at posting:
26.5¢ Sentiment: None Disclosure: Not Held
