CTP central petroleum limited

3.64%

5.7¢

Communication and Mandate, page-7

First 7 Last

Share
Profile

Follow
norsc

1,215 Posts.

22

20/07/17

12:19

Post #: 25980006
Share

Originally posted by haasko ↑

Prato old chap,
what you and just about every other aggrieved poster ignores is the fact that the recommendation made by the BOD did not spring out of the ether unheralded. It was based on what I tend to agree was an overly massive document containing much analysis by EY and various independent and tech experts. Whether one agrees with the recommendation of the SoA at 20 cents or not, and I have gone on record as saying that I considered it an undervaluation of the company, the folk who generated the numbers should receive an equal tranche of opprobrium. If not more. The BOD themselves did not do the detailed analyses, in fact they most likely did not have the relevant expertise to do so, and I rather imagine if the studies had recommended 25 or 30 cents or whatever, the MB offer of 20 cents would n0t have been presented to us.
On inescapable observation is that some posters do not realise that an initial investment in what is a medium- high risk/high reward speccy can result in a loss and that seems to be the main gripe with the most vocal protestors. In my case I recognise this possibility , and admit that I voted in favour of the offer simply to get over it, move on, and put the surviving cash to some better use.
As it turns out, the hole is even now deeper and we have to put up with continued destabilisation, denigration and abuse of the individuals on the BOD by a number of the players on this forum for the basest of motivations. Shameful.
In my considered opinion.

Expand

Hassko, hope you will appreciate that when you engage all these independent EY experts & pay huge fees to all and sundry along the way...it sort of strangely just so happens that the numbers coincide...such that a deal can be done. All these big corporates (EY & Macquarie want a deal, that's their business )... Guess this is just business - yes?
It all Numbers & Numbers...

Last edited by norsc: 20/07/17

CTP Price at posting: 13.0¢ Sentiment: Hold Disclosure: Held
6 Upvote

0 Great analysis

Reply

Top Stories

AII

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

BPH

Australia’s gas crisis is here – and dying coal plants aren’t helping

ACW

With 100 enrolled and $13.8M in hand, Actinogen's Xanamem timeline is in full swing

Week 26 Wrap: Renewable gas fantasies; RBA July cut hope builds; copper's August peak?

First 7 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 5.7¢		Change 0.002(3.64%)		Mkt cap ! $40.98M

Open	High	Low	Value	Volume
5.7¢	5.7¢	5.7¢	$59	1.034K

Buyers (Bids)

No.	Vol.	Price($)
2	120883	5.5¢

Sellers (Offers)

Price($)	Vol.	No.
5.7¢	59704	2

View Market Depth

No.	Vol.	Price($)
1	120000	0.055
2	449581	0.054
1	100000	0.053
4	719200	0.052
1	800000	0.051

Price($)	Vol.	No.
0.057	29704	1
0.058	53105	2
0.059	369120	3
0.060	160000	3
0.061	100000	1

Last trade - 10.01am 30/06/2025 (20 minute delay)

CTP (ASX) Chart

Communication and Mandate, page-7

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

Australia’s gas crisis is here – and dying coal plants aren’t helping

With 100 enrolled and $13.8M in hand, Actinogen's Xanamem timeline is in full swing

Week 26 Wrap: Renewable gas fantasies; RBA July cut hope builds; copper's August peak?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Communication and Mandate, page-7

Top Stories

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

Australia’s gas crisis is here – and dying coal plants aren’t helping

With 100 enrolled and $13.8M in hand, Actinogen's Xanamem timeline is in full swing

Week 26 Wrap: Renewable gas fantasies; RBA July cut hope builds; copper's August peak?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News