The market has to be pretty dumb not to realise the potential for Central to be taken out by a major with deeper pockets. The share register is wide open, the market cap is a piddly $65m , the company has the largest land holding in various Central Australian Basins and it has just found a new oil field in the Amadeus Basin which has produced 300 bopd from a truncated lateral WITHOUT FRACCING.
Someone is going to move on Central while the stock is still cheap. Who and when? The who is a company with cash and the ability to move quickly, the when is sooner rather than later.
Watch this space.
dumb market
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