CTP
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5.45% 5.2¢ central petroleum limited

I think realistically the price needs to be at 90 cents to $1...

  1. everready
    230 Posts.
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    20/02/14
    13:22
    Post #: 12962209
    I think realistically the price needs to be at 90 cents to $1 for option conversion. The issue is - if you had the cash and believed the story you would be buying now. The SP will likely dip if the options are converted - possibly not - but there will be a dilutory effect. If we get to 80 cents ONLY, I would think a lot of people will not convert because there is a risk that it will go lower, when people sell to pay for their option conversion. If that makes sense...
    CTP Price at posting: 50.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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