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6.42%

5.1¢ central petroleum limited

Ann: Results of Meeting, page-26

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m0ngy

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20/07/17

18:16

Post #: 25989918
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Originally posted by norsc ↑

Interesting in todays AFR - Mike Smiths piece p 26. says that:-

In reference to equity raising and going down the same path as Senex & Cooper to fund growth earlier this year.
"When Cottee was selling the merits of the Macquarie Deal, he said that was not an option. However now he has changed his tune and on Wednesday flagged an equity raising in the form of a rights issue to come up with the $4o to $50Million needed to extend Centrals Drilling program.

Question for someone who knows: Why was it not an option in early Jan/Feb/March before the final 20cent offer & the SOA announced ? (early march)...Cannot you do 2 things at once?

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Cottee can certainly do 2 things at once, for example, waste company money and sell out shareholders. There you go.

CTP Price at posting: 12.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 5.1¢		Change -0.004(6.42%)		Mkt cap ! $37.74M

Open	High	Low	Value	Volume
5.5¢	5.8¢	5.1¢	$332.4K	6.067M

Buyers (Bids)

No.	Vol.	Price($)
1	422516	5.1¢

Sellers (Offers)

Price($)	Vol.	No.
5.3¢	13500	2

View Market Depth

No.	Vol.	Price($)
1	422516	0.051
1	100000	0.050
2	365000	0.049
2	43743	0.048
1	130000	0.047

Price($)	Vol.	No.
0.053	13500	2
0.054	1164075	1
0.058	982500	6
0.059	519508	2
0.060	90909	1

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