I have been a holder for I imagine about 5 years, I have bought and sold, read almost every post, listened to the Messiah on talkback, read about the company in the AFR and spent countless hours looking at the shareprice and reading its announcements. I struggle to believe this company has a value of .11 cents per share it was as high as .22 cents only 4/5 months ago. The debt looks under control and reducing the pipeline flowing and most producing gas plants working reasonably well. CTP share price has to be undervalued. LD's business plan is not been well received, I do believe in executing a plan but I also believe LD has to look after shareholders. The current market capitisation is pathetic it is possibly less than it was 2,3 and 4 years ago. When you consider the positives, NGP, Range, cashflow positive, new GSA and even Dukas as Dukas ain't written off just significant delay.
Imagine trying to rasie money or secure new finance when the share price is so low, near impossible.
The company has to look at paying down it's debt if the debt is the reason the share price is so low. To do so half the money being raised for exploration should go to debt. Alternatively sell Palm Valley or Dingo entirely.
CTP needs to be lean a review of spending, both in the field and in the office because the status quo simply is not good enough.
Bring Dukas to the present allowing this just to be put on hold is not doing anything for the share price, sell it / redrill it tell the shareholders the plan.
Pay a dividend work out how, no LD dividends are not what only companies do when there is nothing better to spend it on, dividends raise share prices. Nothing wrong with being a small gas company regularly putting .1 cent dividends in my bank. My expectation is for the company to have a plan to raise the share price by mid year to ? by end of year to ? and the year after to ?
Bit fed up with CTP need to see change starting to understand the ranters.
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CTP
central petroleum limited
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5.9¢

Break the company up - it's about shareholders not the board
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Last
5.9¢ |
Change
0.001(1.72%) |
Mkt cap ! $43.97M |
Open | High | Low | Value | Volume |
5.9¢ | 5.9¢ | 5.7¢ | $4.364K | 74.41K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 564138 | 5.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.9¢ | 172675 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 564138 | 0.057 |
2 | 224795 | 0.056 |
1 | 100000 | 0.055 |
2 | 108144 | 0.054 |
1 | 18870 | 0.053 |
Price($) | Vol. | No. |
---|---|---|
0.059 | 172675 | 2 |
0.061 | 137146 | 2 |
0.062 | 10000 | 1 |
0.067 | 149268 | 1 |
0.068 | 409677 | 2 |
Last trade - 15.15pm 20/06/2025 (20 minute delay) ? |
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CTP (ASX) Chart |