CTP 10.0% 5.5¢ central petroleum limited

? really a capital raising, page-16

  1. 5,441 Posts.
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    CTP hangs by a thread for me. what worries me most is how many other holders feel the same way. I have very few, 100K, and I did a purge of under-performing stocks 2 months ago, re-read the CTP story and convinced myself to hang on. I need some encouragement now, some good news, a positive idea, an encouraging sign from management that they know what they are doing.

    ARM announced a CR a couple of days back, it was painless, well placed to a convincing European investment fund, directors inspired confidence by NOT choosing to take up due bonuses but spend the money on a drilling campaign, and the share price rose. That is how to handle a raising.

    If this CR can't be explained to we the great unwashed convincingly I'm out at the bounce. I hope there aren't too many others that race me there.

    Cake
 
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