CTP 0.00% 4.9¢ central petroleum limited

Ann: Central Consolidates Shares , page-22

  1. 378 Posts.
    Why now?
    The TIMING for this share consolidation needs explaining.
    Something else is behind the timing.

    I dislike share consolidations especially in the current market conditions,most end in a share price retrace.I expect the same here unless ,,,but,.
    Cottee is no fool,he would know the same.
    I expect the resolution will be passed at the general meeting on 27/9/13.Enough time for progress news.

    Had a quick look at the options for Freestone,I assume they are included in the consolidation,seem to be so.?

    A concerned shareholder would suggest it would make more sense to consolidate AFTER the prod lic/surprise jv/oil production/etc.I tend to agree.

    Re TIMING, the consolidation does not bode well for the share price short term nor the options unless,,,,.
    I expect a pump on good news soon.

    cheers







 
watchlist Created with Sketch. Add CTP (ASX) to my watchlist
(20min delay)
Last
4.9¢
Change
0.000(0.00%)
Mkt cap ! $36.26M
Open High Low Value Volume
4.9¢ 4.9¢ 4.9¢ $3.575K 72.96K

Buyers (Bids)

No. Vol. Price($)
3 282036 4.9¢
 

Sellers (Offers)

Price($) Vol. No.
5.0¢ 9000 1
View Market Depth
Last trade - 15.24pm 16/07/2024 (20 minute delay) ?
CTP (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.