CTP 1.89% 5.4¢ central petroleum limited

jh sacked, page-107

  1. 1,901 Posts.
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    If the rumours on the other board are to be believed that a effort was mounted to gain 5% and call an EGM to spill the board whilst leaving JH intact then I fear that the instigators are not the saviour you are looking for or need.

    This attempted coup didn't even appear to have had the resources to buy on market 5% of the co. I guesstemate that buying 5% on market could take about $10mill as your buying pushed the price up to about 20c.

    So according to the rumours they had to call on shareholders to get them closer to 5%.

    CTP needs a genuine JV with a company of considerably more spare cash than a couple of mil.

    All of the a above is pure speculation and based on rumour at this point.

    All I am saying is that unless there is a serious player out there making a tilt then the only ones to benefit from all this is could be those that have sold around the highs of 10c recently but Long term this could still be very rewarding.

    Good Luck.
 
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