The CSG sector is certainly hot, try telling any PES shareholder in Nov that it was a $8 stock & they'd tell u u'd b dreaming. Fast fwd to Feb 2009, its traded at $8.56 & has an offer of $8/share, from BG.
Once the big players are sorted out, then its the mid-low tier & then the ones with acreage.
For the time being, all CTP have is 28442 sqkm of acreage with 32m thick coal and that's enough for anyone eyeing a small time explorer.
If QGC could pay Roma Petroleum $47.7m for their paltry acreage in QLD, am sure in time CTP will appear rosy & that seems 2b the intent behind acquiring PXA for $18m, i.e. have access to the data-rooms at all times lest y'r rivals rock up to spoil the party.
With a $31m mkt cap + $6m cash & an EV of $25m, the SP doesn't reflect the true value for CTP. IMO, they will have their date with destiny in time, small steps first.
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P.S: Oscars are on tonite in LA, will b interesting 2C the nominations for best drama/research/screenplay :) (not me nope!!) so please, people DYOR & Sums.
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Last
5.2¢ |
Change
-0.002(3.70%) |
Mkt cap ! $38.48M |
Open | High | Low | Value | Volume |
5.5¢ | 5.5¢ | 5.2¢ | $11.47K | 217.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 150000 | 5.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.2¢ | 14941 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 150000 | 0.051 |
3 | 1200000 | 0.050 |
3 | 700979 | 0.049 |
4 | 913743 | 0.048 |
4 | 370418 | 0.041 |
Price($) | Vol. | No. |
---|---|---|
0.052 | 14941 | 1 |
0.055 | 99998 | 1 |
0.057 | 132936 | 1 |
0.058 | 172431 | 1 |
0.060 | 110909 | 2 |
Last trade - 15.20pm 21/08/2024 (20 minute delay) ? |
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CTP (ASX) Chart |