Australia's largest stock trading and investment forum Australia's #1 stock forum

CTP

Click for more information

0.00%

6.5¢ central petroleum limited

Yep, the reality of it all is slowly slowly raising it's ugly...

First 3 Last

Share
Profile

Follow
buddy134

24,386 Posts.

176

23/08/20

09:34

Post #: 46745210
Share

Originally posted by aabbaadd ↑

Language continues to be problematic for CTP executives. In Quarterly presentation Orange drill was described as " largest exploration prospect to date " and " could be very large discovery. " Zevon " potentially much larger than Dukas. " Despite the seductive language the only thing that has moved the share price significantly down was earlier downgrading of resource and now upgrading of resource, moving share price modestly variably up - those events indicate shareholders are have become desensitised to companys use of boosting words and concepts.

Company comment about Dukas drill costs was more comprehensible. " To be clear CTP may have to put money into Dukas redrill." Previously cost is given as AU$3 million. If CTP recovers 15 % of Dukas ownership, which is one possibility, taking its total ownership to 45 %, it would then pay AU$4.5 million of Dukas drill cost - redrill could, given geological complexity, exceed budget and cost CTP more.

Expand

Yep, the reality of it all is slowly slowly raising it's ugly head and start staring at us in the face.

Where is the money for that.?? Hello CBA are you willing.??

Like you wrote before could this now be the story of the house of cards.??

Over to you.

CTP Price at posting: 9.7¢ Sentiment: None Disclosure: Held
Upvote

0 Great analysis

Reply

There are more pages in this discussion • 4 more messages in this thread...

First 3 Last

Add CTP (ASX) to my watchlist

(20min delay)
Last 6.5¢		Change 0.000(0.00%)		Mkt cap ! $48.11M

Open	High	Low	Value	Volume
6.5¢	6.5¢	6.4¢	$34.57K	535.0K

Buyers (Bids)

No.	Vol.	Price($)
1	196700	6.5¢

Sellers (Offers)

Price($)	Vol.	No.
6.8¢	107802	2

View Market Depth

No.	Vol.	Price($)
1	196700	0.065
2	11847	0.060
1	10033	0.059
1	200000	0.057
1	9999	0.056

Price($)	Vol.	No.
0.068	107802	2
0.069	200000	1
0.070	206805	2
0.071	20000	1
0.072	25262	2

Last trade - 16.10pm 30/04/2024 (20 minute delay)


Last 6.7¢			Change 0.000 ( 6.35 %)
Open	High		Low	Volume
6.4¢	6.7¢		6.4¢	122700
Last updated 14.40pm 30/04/2024 ?

CTP (ASX) Chart