When I RI was announced I predicted the SP would fall to 10 cps.
McBnk benefit when the SP is at this level as they will accumulate more shares not taken up by small shareholders. I am not saying they engineered the SP collapse only that they benefit in my opinion.
The thresholds of share ownership needed to privatise CTP or any ASX company are onerous, 90% before compulsory acquisition is possible. There are unconventional dastardly ways of taking over a company at the expense of share holders but they are messy, protracted and CTP share holders have shown that they will fight. This tells me that a large % of shares will still have to be bought to complete a TO. This will be a sellers market. In anticipation, canny speculators will be buying at current levels and taking up the RI, after which profits will be there to be made.
my opinion DYOR
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central petroleum limited
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5.5¢

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Last
5.5¢ |
Change
0.001(1.85%) |
Mkt cap ! $40.98M |
Open | High | Low | Value | Volume |
5.4¢ | 5.5¢ | 5.4¢ | $91.62K | 1.696M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 449381 | 5.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.8¢ | 6030 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 449381 | 0.054 |
1 | 100000 | 0.053 |
3 | 719000 | 0.052 |
1 | 800000 | 0.051 |
2 | 39000 | 0.050 |
Price($) | Vol. | No. |
---|---|---|
0.058 | 6030 | 1 |
0.059 | 379120 | 4 |
0.060 | 160000 | 3 |
0.061 | 100000 | 1 |
0.067 | 149268 | 1 |
Last trade - 15.59pm 27/06/2025 (20 minute delay) ? |
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PARADIGM BIOPHARMACEUTICALS LIMITED..
Paul Rennie, MD & Founder
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