CTP 0.00% 5.3¢ central petroleum limited

"It could also have something to do with our current cash...

  1. 11,697 Posts.
    lightbulb Created with Sketch. 1687
    "It could also have something to do with our current cash position"

    When I read that they were hoping that money from the options (ctpo) was to pay for things I instantly thought that this could create a big downward spiral. As the sp gets lower, it is less likely the options will get converted meaning the sp gets lower etc.

    All quite silly one when considers the partners, potential etc.

    But it's enough to keep me away from ctp at the moment, and many more too I feel.

    If they had $40m more cash they would have a mkt cap of over $140m more imho.
 
watchlist Created with Sketch. Add CTP (ASX) to my watchlist
(20min delay)
Last
5.3¢
Change
0.000(0.00%)
Mkt cap ! $39.22M
Open High Low Value Volume
5.3¢ 5.4¢ 5.3¢ $52.12K 978.8K

Buyers (Bids)

No. Vol. Price($)
1 454057 5.3¢
 

Sellers (Offers)

Price($) Vol. No.
5.4¢ 46397 1
View Market Depth
Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
CTP (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.