Malman
U raise some valid points, when u get a chance check out the presentation they did last month.
All we know they have $15m cash & $80m rolling convertible bond & 40-50% of costs are shared with the JV partners. The credit crunch has hit many big & small explorers out there, but for the time being CTP seem well funded for the current exploration program. Should things get bigger ie development etc then i'd anticipate a cap raise, although a farm-in with a bigger player would suit them one would think.
If in doubt, i'd ask questions directly to the company as a shareholder, they'd know the long term situation more clearly once the program ends successfully, still early days IMO & all storms can be weathered.
One has to b the ultimate optimist & researcher to b in the exploration sector & the rest comes down to dame luck, supply & demand, commodities price & a smart management team.
cheers
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Malman U raise some valid points, when u get a chance check out...
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Last
5.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $40.24M |
Open | High | Low | Value | Volume |
5.4¢ | 5.7¢ | 5.4¢ | $110.6K | 2.011M |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 15150 | 5.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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5.6¢ | 15000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 15150 | 0.054 |
1 | 94708 | 0.053 |
4 | 684063 | 0.052 |
2 | 820000 | 0.051 |
3 | 500000 | 0.050 |
Price($) | Vol. | No. |
---|---|---|
0.056 | 15000 | 1 |
0.058 | 6030 | 1 |
0.059 | 326120 | 2 |
0.060 | 160000 | 3 |
0.061 | 100000 | 1 |
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