CTP 1.92% 5.1¢ central petroleum limited

price collapsing on no news....

  1. 1,705 Posts.
    lightbulb Created with Sketch. 3
    Good oil, though I agree with your conclusions about the inefficiency of the company, I absolutely do not agree with the pleasure you seem to gain from it.

    While I think the current management are doing a poor job, I think it's pretty distasteful that you seem to actually want the company to collapse. Just because I don't agree with the way they have managed things so far, I have a great respect and admiration for the fact they are out there trying. They had a vision which could have made a lot of people a lot of money, and in the process, employed several hundred (thousand, by proxy) people.
    If CTP fail here, not only will the shares be virtually worthless, there will be a number of people likely to lose their jobs.
    Perhaps management brought it upon themselves, but that doesn't mean the people busting their balls for this coy deserve to be punished.

    In any case, I expect the sp to bounce back into the low 5s before close today.
 
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5.1¢
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5.2¢ 5.2¢ 5.1¢ $21.21K 413.2K

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No. Vol. Price($)
1 914693 5.1¢
 

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Price($) Vol. No.
5.3¢ 109110 3
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Last trade - 15.48pm 25/06/2024 (20 minute delay) ?
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