CTP
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0.00% 4.8¢ central petroleum limited

rights issue and sophisticated investors

  1. 10mc
    3,360 Posts.
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    18/05/09
    16:31
    Post #: 5177548
    I dont see a problem with the take up of the rights issue. It will be fully subscribed imo because any shortfall will go straight to sophisticated investors. JH will only have to offer them and they will be snapped up. An extension of the rights issue timetable allows him to do more dealing with interested parties. We will have the money to drill with.
    CTP Price at posting: 8.7¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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