CTP
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0.00% 5.3¢ central petroleum limited

where is the value?

  1. markrmau
    579 Posts.
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    27/09/10
    19:54
    Post #: 7249048
    Hi all,

    My understanding is that CTP have $35.7M in bank as of 30 June 2010 (01084605.pdf).

    The current market cap according to comsec is $95M

    My questions are:

    1. Why the hell would they need to do cap raising now with $20-30M+ in bank?

    2. Where is the other $50-60M in enterprise value?

    To be honest, I can't say that 10-20m of oil show, over 1km underground could justify this.

    Am I wrong? Do they have something else?
    CTP Price at posting: 52.5¢ Sentiment: Hold Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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