CTP central petroleum limited

1.85%

5.5¢

CB - I cannot understand why MBL would launch another Scheme or...

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jake0002

8,760 Posts.

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28/10/17

22:33

Post #: 28284168
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Originally posted by Camdenbob ↑

How much effort do you expect other people to do?

A significant amount of time and effort was put into ND, more than OC did I can assure you, ND had the better candidates and polices and offered a solution to OC that would have seen a united front.

I have moved onto several stocks that are far more profitable, and in any event I think that there is absolutely NO HOPE of any one spilling the current BOD due the CR and the amount of shares held in friendly hands, NOT even Mr Troy H could create a board change with all the shares he holds.

In my opinion the ONLY hope is to get all of the small shareholders to consolidate and vote as a block and then you MAY have a hope of stopping any future SOA

You have got a snowballs chance in hell of making that happen.

There is an OUTSIDE chance that the new board will drill and enter into contracts BUT I doubt it. a new SOA will probably be in the order of 20 cents, so effectively MB would also get $25 MIl in cash and only pay around 90 Mil for CTP less $25 Mil cash on hand

CB

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CB - I cannot understand why MBL would launch another Scheme or T/O at 20c, or less, when MBL has been selling down at a loss at around the 8c - 9c level.
I know that there are supposed to be Chinese Walls in these situations, but surely MBL would have a really good idea about whether an affiliate entity was going to launch a new t/o?
The only conclusion I can come up with, is that MBL has walked away. at least for the medium term. maybe waiting to see how CTP go with their new drilling campaign.
Happy to hear other views.
cheers
ps - shares "HELD" (but cannot edit it)

Last edited by jake0002: 28/10/17

CTP Price at posting: 8.3¢ Sentiment: None Disclosure: Not Held
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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

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No.	Vol.	Price($)
1	449381	5.4¢

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Price($)	Vol.	No.
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No.	Vol.	Price($)
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
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0.061	100000	1
0.067	149268	1

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CB - I cannot understand why MBL would launch another Scheme or...

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