Buddy i guess a lot of people have been seeing a lot of almost positive things from CTP for a long time that have failed to actually deliver. when you look at a company and their claims you also need to take into account their past history accuracy, luck, etc.. In all of those CTP has not done that well. hopefully all of that is changing with ranger, dukas and their future going forward.
I also suspect macqbank is still playing with ctp. as far as i am aware they have not sold out, they could have and probably gotten a small profit. They have options due in a couple of days. I expect they will take those up, the question is what do they then do with them. if they continue to hold or accumulate that will show they have confidence in the market so should help our share price. if they sell, we will continue to languish around the 20c mark until ctp has some major announcement about Dukas or Ranger.
rumors has it that macq wants out of mereenie, who is the most likely buyer but CTP. The only way CTP can finance that is via more debit and possibly macq taking more shares in the company. the lower the share price now the more shares they will get for their $'s. add the shares they have now, the shares from the options exercised, and additional shares in return for mereenie and they will have watered down existing holders voting rights.
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CTP
central petroleum limited
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5.9¢

Buddy i guess a lot of people have been seeing a lot of almost...
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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 |