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2.04%

5.0¢ central petroleum limited

"It seems to me that it is a question of how quickly can RC...

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MarlboroMan

75 Posts.

13/12/16

16:52

Post #: 21307556
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Originally posted by Camdenbob ↑

That's an interesting question, but bear in mind the 17.5 cents offer has been rejected, so it is not of great relevance.

The board is entitled to seek funds at commercial rates, Ie SPP at say 14 cents) Not advocating that price it is for discussion only )

But to my mind what is clear is that RC is saying "We need funding to grow" and unless we do it really QUICK , or we will get taken over at current values ( plus a premium)

It seems to me that it is a question of how quickly can RC bring in more funds ( JV etc) before MacB make an offer of say 50 cents or 70 cents.

Therein lies the problem.

CB

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"It seems to me that it is a question of how quickly can RC bring in more funds ( JV etc) before MacB make an offer of say 50 cents or 70 cents."

i've been buying all the way down the last 4years ... and this recent bounce. do that would be a great Xmas present indeed

CTP Price at posting: 16.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 5.0¢		Change 0.001(2.04%)		Mkt cap ! $37.00M

Open	High	Low	Value	Volume
4.9¢	5.0¢	4.9¢	$9.01K	181.1K

Buyers (Bids)

No.	Vol.	Price($)
2	548291	4.9¢

Sellers (Offers)

Price($)	Vol.	No.
5.4¢	96556	1

View Market Depth

No.	Vol.	Price($)
2	548291	0.049
2	25520	0.048
1	212787	0.047
2	173952	0.045
1	50000	0.044

Price($)	Vol.	No.
0.054	96556	1
0.056	19995	1
0.058	172431	1
0.060	122209	3
0.062	112737	2

Last trade - 15.11pm 09/09/2024 (20 minute delay)

CTP (ASX) Chart