CTP
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10.0% 5.5¢ central petroleum limited

voluntary suspension, page-21

  1. PinchOfSalt
    231 Posts.
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    27/09/10
    16:23
    Post #: 7248266
    I'm so glad I sold my options and kept shares. Option holders will be faced with exercising at 16c (not likely) or facing dilution such that they are less likely to make it into the money.

    If they do a rights issue the dilution could be significant.

    But they should have $20-30M cash left, so why the hurry to raise capital now? Is the seismic survey so expensive?
    CTP Price at posting: 52.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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