I for one am glad RC isn't issuing equity willy nilly [Ref: Stribes]
Not wanting to burst any bubbles, but CTP will need to come up with AU$20 million in the next few months. With little oil production revenue due to no development of the Surprise oil province, how else can CTP raise the significant funs in a matter of months except to raise investment grade capital (CR) or sell its leases like the bean counter deal that RC stated had to be done.
Issuing of Equity by this organisation will need to be done sooner or later, it (equity) will implicate by way of your investment dilution. It may not be willy nilly, but I prefer willy nilly than raise funds as RC, promote the funds to be used to drill and develop Surprise only to find out otherwise soon after.
We are at around AU$0.07 in share price valuation, this is less in valuation befor CTP we did the two(2) JV's and yet less after having two(2) producing forms of income from oil and gas, what gives. Hope that questions are raised at the AGM come next month.
On a bright note, freedome of speach wins out, well done old mate.![]()
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