CTP
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10.0% 5.5¢ central petroleum limited

Hi Asteroider,CTP has a Bond Facility in place (a convertible...

  1. greggy2
    1,074 Posts.
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    16/07/09
    16:14
    Post #: 5398219
    Hi Asteroider,

    CTP has a Bond Facility in place (a convertible one).
    CTP has as you already probably know raised a significant amount of money, $31 mill, and is now better placed to fund further exploration. Hopefully, its JV partners will remain as they are.
    I must admit that I was a bit warry of CTP until its recent raising. Only then did I decide to purchase 260,000 shares in total. THey have many exciting targets but IMO needed the cash to move forward with an exciting drilling program.
    DYOR
    CTP Price at posting: 7.8¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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