CTP 1.85% 5.3¢ central petroleum limited

D.Y.I.A.H old chap,do pls recall that the successful flow test...

  1. 741 Posts.
    D.Y.I.A.H old chap,
    do pls recall that the successful flow test of Surprise announcement did nothing at all for the SP, and the share purchase plan that closed several weeks after was basically an unsupported failure. look at the asx announcements, only maybe 9% of shareholders participated in whole or part and the offer price was 5.5 cents. it only reached the 12 cents (in the old) when Clive Palmer started his onmarket buying spree. this time the SP is responding to issues of real operational substance. which one would expect to have a rather more lasting impact.
    trust this helpful.
 
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