CTP 10.0% 5.5¢ central petroleum limited

? really a capital raising, page-19

  1. 2,409 Posts.
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    yes tasty, can get to 5c, that would be equal to cash in the bank, with no value for anything else.

    Than you need 100% increase to get back to 10c.
    i think it may stay in the 7-9c range for a while, depending what is released, can't see any announcement keeping this above 8-8.5c.

    I'm a simple man, need simple answers. If you need a lawyer to understand what each JV partner can be held to or not....i need to find the door with the "EXIT" sign above it, currently in the dark so may take me some time to find the door. Need defined timelines, defined % of $ to be spent by each parner and for what, you want to break the agreement you pay up a certain calaculated fee and walk.

    From what i recall CTP had:
    190m shares in 2007
    580m shares in 2009
    900m sahres in mid 2010 (if you go by what everyone else knows besides s/holders direcly)
    How many shares in 2011??? 1200m, 1500m.
    MAYBE do a share split 1:2 to 450m at 12-16c market value
 
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