CTP 0.00% 5.0¢ central petroleum limited

Oil price above $60.00 share price below .10c, page-2

  1. 725 Posts.
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    Gotta admit, this is a tough stock to hold. It seems shareholders are in a constant cycle of anticipation and despair, with no celebration.

    So many times have we all anticipated something that would be great for the Company;

    - purchase of Mereenie
    - installation of NGP
    - acquiring and initial drilling of Range
    - drilling of Dukas
    - moving from an explorer to producer

    Despite all of the above generally coming off, here we sit at a crappy market cap of $70m, substantially lower then when any of these started even being discussed.

    The volumes at this sub-10c level seem large enough to suggest a big player is bailing, or the market truly has no faith in the short-med term of the Amadeus drilling go ahead.

    We continue to wait, and anticipate, for a share price to celebrate (ie.>20c). Sadly I think we can pack the champagne away this year, but I hope for all on this forum I'm wrong...
 
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Last
5.0¢
Change
0.000(0.00%)
Mkt cap ! $37.00M
Open High Low Value Volume
5.0¢ 5.0¢ 4.9¢ $175.4K 3.512M

Buyers (Bids)

No. Vol. Price($)
4 745979 4.9¢
 

Sellers (Offers)

Price($) Vol. No.
5.8¢ 172431 1
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Last trade - 14.18pm 15/08/2024 (20 minute delay) ?
CTP (ASX) Chart
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