CTP 3.92% 5.3¢ central petroleum limited

""((So let me see if I have this correct, the incumbent board...

  1. 24,386 Posts.
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    ""((So let me see if I have this correct, the incumbent board say publicly that they could not and cannot locate finance, of any type, BUT that finance is needed to ensure CTP can do what it needs to do in the near future, OptionCo say that they agree that finance is needed, and that they will keep the current CEO Mr R Cottee (who has said that the company cannot find money) but fail to mention publicly that they have apparently (rumor only) signed a EPI with a Sydney based firm for $50 Mil. And neither of those groups will dilute the shareholding, No doubt none of those groups will be called "self-confessed fee seeking former shareholders))"

    CB, lets put it simply. You are saying that OptionCo, is going to keep Cottee on, where you will not. Yet, you have just said and made it clear to everyone that you are intending to support him and his Board at this coming Board spill. Go figure!!!

    May I suggest that, before you post, you read thoroughly what you are saying before pressing the send button as you are constantly contradicting yourself.

    You have also stated that you have already passed that information on about your CR facility to the Chairman. Now what was the answer.??

    Yet, when I asked you on several occasions to email me with that credit facility so that I could prove to you that it is all BS, you constantly fail to do it.........

    ""(But when ND Team say that have located a source of funds ( the terms of which are confidential) up to US $100 Mil it will automatically dilute the shareholding by 20% ))""

    Perhaps your maths at school weren't as good as other subject, but I suggest that if you are going to bring US $100 million into the equation, your 20% dilution is laughable at best.

    Consider that US $100 million is the equivalent of AUD $131 million, and where our current market cap is only of about $56 mill dollars. That money, in shares bases would constitute at least a 250% dilution, if there isn't going to be any discounted offer of at least 20% discount. That is what usually any one willing to finance money in a junior would demand, IF NOT EVEN MORE.

    So once again, may I recommend to you, ONCE AGAIN, that before you post you read what you are going to share with us for it is just laughable and ridiculous and totally contradictory. Perhaps you are trying to convince some undecided investors to support your ideas..............Who knows...Not me.

    As for AB and the specialists in you Board, you should perhaps do some research before posting. I believe that someone has already brought you to task about that, but you failed to acknowledge it. Especially the one which lost a lot of money in the past. If you think that, after having being burnt they will support you and them , well mate think again.

    And in closing, here is another one for you which you constantly fail to address/answer. You have told us all that you will not be taking, nor seek a Board Position should ND be successful. BUT you failed to answer me and others as to what you will get in return and as to what position you will gain from it, IF AND WHEN..........

    Cheers mate.
 
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Last
5.3¢
Change
0.002(3.92%)
Mkt cap ! $39.49M
Open High Low Value Volume
5.2¢ 5.3¢ 5.2¢ $6.085K 117.0K

Buyers (Bids)

No. Vol. Price($)
3 559993 5.2¢
 

Sellers (Offers)

Price($) Vol. No.
5.5¢ 60757 1
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Last trade - 12.00pm 11/10/2024 (20 minute delay) ?
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