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4.17% 5.0¢ central petroleum limited

Ann: Trading Halt, page-14

  1. Ashentegra
    5,429 Posts.
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    06/11/15
    12:02
    Post #: 16339166
    A CR a week before NEGI? I don't think so. Any rational player would do a raise after the post-NEGI SP lift. And if NEGI doesn't happen, a CR wont be needed.

    A Trading Halt is to prevent trading in an uninformed market, pending a significant or material announcement. This suggests negotiations over Mereenie, a placement or JV, though again, the last two a week out from NEGI don't make sense.

    We now have a whole weekend to speculate. I can't fault RC's sense of the dramatic.
    CTP Price at posting: 24.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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