CTP 2.86% 6.8¢ central petroleum limited

The Central Petroleum Annual General Meeting is coming up on...

  1. 53 Posts.
    lightbulb Created with Sketch. 25
    The Central Petroleum Annual General Meeting is coming up on Tuesday. Anyone planning to attend in person? Unfortunately, I will only be able to participate online, which is too bad. I have a lot of (pointed) questions to put to Management and the Board of Directors. I know that most online questions will be carefully filtered. I fully expect the usual Management bloviating, obfuscating, navel gazing, and turd polishing at the meeting on Tuesday.

    I just want to reiterate the following for everyone else here:

    Share Price 23 November 2018 - $0.15
    Share Price 10 November 2023 - $0.05

    Management
    Leon Devaney - Appointed Acting CEO/CEO July 2018
    Ross Evans - Appointed COO June 2018
    Damien Galvin - Appointed CFO August 2019

    Board of Directors
    Katherine Hirschfeld - Appointed December 2018
    Agu Kantsler - Appointed June 2020
    Mick McCormack - Appointed September 2020
    Stephen Gardiner - Appointed July 2021
    Troy Harry September - Appointed September 2022

    With the exception of Damien Galvin, the management team's tenure predates the entire current Board of Directors of Central Petroleum.

    Numbers don't lie. Between November 2018 and November 2023, Central Petroleum lost 2/3 of its value. Every year since 2018, shareholders have been subject to the same management song and dance.... a variation of "just wait, things will get better." Until the Board of Directors develop a gram of intestinal fortitude, does their job, and sacks management, nothing will change. In that case, this company is doomed.

    If Leon, Ross, Damien, or even Mick want to dispute this post, they're more than welcome to.


 
watchlist Created with Sketch. Add CTP (ASX) to my watchlist
(20min delay)
Last
6.8¢
Change
-0.002(2.86%)
Mkt cap ! $50.33M
Open High Low Value Volume
6.8¢ 6.8¢ 6.8¢ $816 12K

Buyers (Bids)

No. Vol. Price($)
2 110600 6.8¢
 

Sellers (Offers)

Price($) Vol. No.
7.0¢ 1000463 3
View Market Depth
Last trade - 11.01am 22/05/2024 (20 minute delay) ?
Last
6.8¢
  Change
-0.002 ( 1.45 %)
Open High Low Volume
6.8¢ 6.8¢ 6.8¢ 16048
Last updated 13.27pm 22/05/2024 ?
CTP (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.