CTP
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0.00% 5.3¢ central petroleum limited

announcement - capital raising, page-4

  1. davej56
    286 Posts.
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    06/02/12
    13:01
    Post #: 9650571
    So now it seems the people that did not subscribe to the SPP can buy shares at the same price, save the brokers fee.
    Currently the participants gained nothing as we see the price drop to 5.5c! (It's seesawing back & forth 5.4 to 5.6 this morning.) Can't believe people would sell for a 1 pip gain on the SPP. There are a lot of 272,727 parcels being sold at 5.6c! That's a profit of $272! Likewise the other SPP parcels being sold today for less profit.

    I would have joined the SPP if I was not forced to buy the preset parcels. Some of us just wanted to(or could only afford)less than the minimun $2500. Why didn't they just allow it to be free choice based on your existing holding as is the norm? They may have been oversubscribed than.

    I may top up now but only at 5.5 or less.
    Cheers
    Dave
    CTP Price at posting: 28.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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