CTP 2.04% 5.0¢ central petroleum limited

Interesting that CTP has scored an extra $200,000 from the...

  1. 1,857 Posts.
    Interesting that CTP has scored an extra $200,000 from the exercise of 1million long dated UNLISTED 20c options (expiry 2011) - which are only just in the money to add.

    Someone (either a vendor or high net worth) seems to think that $200,000 is worth spending RIGHT NOW on CTP.

    From my experience in the markets, this is an extremely bullish move that is rarely seen anymore (ie someone is spending $200,000 3 years before they have to, for an unrealised return of only $25,000 as at todays close)

    Don't like making predictions but lets just say you'd want to have CTP in your portfolio by this Friday if your wanting them under 30c or by next Friday if your wanting them under $1.00...imo of course.

    If the CTP team hit their targets (and its only an if atm), and given the size of the field...well...lets just say compare it to "woodside's" market cap at todays close.









 
watchlist Created with Sketch. Add CTP (ASX) to my watchlist
(20min delay)
Last
5.0¢
Change
0.001(2.04%)
Mkt cap ! $36.26M
Open High Low Value Volume
5.0¢ 5.0¢ 5.0¢ $3.714K 74.27K

Buyers (Bids)

No. Vol. Price($)
1 42947 5.0¢
 

Sellers (Offers)

Price($) Vol. No.
5.2¢ 96730 2
View Market Depth
Last trade - 14.18pm 24/07/2024 (20 minute delay) ?
CTP (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.