CTP 1.85% 5.5¢ central petroleum limited

ctpo

  1. 162 Posts.
    274m CTPO options out there, at an exercise price of 16c = just over 20% of the company if they are all taken up.

    Current buy price is 3.7c, so 19.7c per share if you were to want the shares & exercise now.
    Was down at 2.5c for a while before last week, but with pretty high volume compared with normal - approx 50m traded in the last two weeks, at an average 'buy in cost' of approx 18.5c/share (but only costing 2.5c/share then).

    Now whilst buying into 10% of the company at 8.5c/share would give a good chunk of control, if the buyer's expectation is for a very healthy move up over the next few days/weeks/months (i.e. SP more than 18.5c, CTPO in the money?) then buying CTPO in bulk would seem like a fairly good way to get 'control' of a large number of shares on the cheap - and/or make a huge profit also.

    Is there such a thing as a register of options holders?! ;-)

    Or I may just still be enjoying that Friday afternoon beer too much...

    Either way, CTPO looks like a very, very good buy on open.
 
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Last
5.5¢
Change
0.001(1.85%)
Mkt cap ! $40.70M
Open High Low Value Volume
5.5¢ 5.5¢ 5.5¢ $2.2K 40K

Buyers (Bids)

No. Vol. Price($)
3 67037 5.3¢
 

Sellers (Offers)

Price($) Vol. No.
5.5¢ 99998 1
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Last trade - 10.02am 21/08/2024 (20 minute delay) ?
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