Coronavirus, oil market war, continuing lower LNG prices impacts will continue eroding CTP share price. Share price likely fall to 5 cps and flat-line around 5 cps. Unresolving Australian energy market political madness dynamics contribute to high capital risk to potential bids for CTP. At 5 cps physical distance from major markets continues profound uncertainty risk. Sudden shifts in political market dynamics could flip CTP into a financially loss making unviable disaster readily heading to formal administration. Tenement prospect variability and other organisational complexity have and continue to repel takeover bidders. Should a takeover offer be made there will be no competing bids as all of the above make capital risk extreme. CTP will be available to a single bidder at 5 cps. Shareholder syndicate should be that bidder with view to reorganising CTP, selling selected tenements / assets, and distributing realised value to syndicate shareholders.
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Last
5.3¢ |
Change
0.003(6.00%) |
Mkt cap ! $39.22M |
Open | High | Low | Value | Volume |
5.5¢ | 5.5¢ | 5.3¢ | $8.576K | 158.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 5.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.3¢ | 64939 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 0.052 |
3 | 1016565 | 0.050 |
2 | 500979 | 0.049 |
4 | 913743 | 0.048 |
1 | 200000 | 0.047 |
Price($) | Vol. | No. |
---|---|---|
0.053 | 64939 | 1 |
0.055 | 100000 | 1 |
0.058 | 172431 | 1 |
0.060 | 120000 | 2 |
0.062 | 112737 | 2 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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CTP (ASX) Chart |