Australian (ASX) Stock Market Forum

CTP - Central Petroleum

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Looks to me like its ALL OVER, they rave on about 300/400Bbls, what a joke, the cost of transport will wipe it out, what they are doing now is stalling for time trying to raise more funds.
 
OK, they did the raising and there didn't seem to be any trouble getting institutional involvement.
Looks like it could be worth adding to my watchlist at least.
 
no one here interested in this?

should be pretty interesting to watch. some takeover rumors spreading around target 40c even!

massive moves the past 4days
unnatural buying patterns
 
We are all watching with great interest. CTP has a lot of promise. I for one would not like it to be taken over.
But yes with over 150 mil of shares changing hands over the last few days one begins to wonder. Has anyone else come across any info that may give us some idea of what is going on?
 
Wow, sellers scrambling for the Exits!!

Pump and Dump Lol!

Opened at close to 10c, now its closer to 80c, wonder how it'll close. I already got outa few days ago
 
ACEz said:
LOL I went in for hope of support, Status is now Pre-open ? lucky i went small.
Click to expand...

Who knows tomorrow it might run to 10c again.

I'm happy to stay in the sidelines for now, cuz it can go either way with pump and dumps.
 
Chasero said:
Who knows tomorrow it might run to 10c again.

I'm happy to stay in the sidelines for now, cuz it can go either way with pump and dumps.
Click to expand...

I think CTP got the run up amid takeover spec..

anyway, it might open really strong if it is something similar. Trading halt gg
 
Chasero said:
I think CTP got the run up amid takeover spec..

anyway, it might open really strong if it is something similar. Trading halt gg
Click to expand...

Trading halt put in place due to " Changing key company management personnel " Maybe There changing management hoping the takeover won't happen ? But I can't believe a European research company valued CTP at around half a billion :eek: But you never know with European "research" companies hahaha :banghead:
 
Ben1234 said:
We are all watching with great interest. CTP has a lot of promise. I for one would not like it to be taken over.
But yes with over 150 mil of shares changing hands over the last few days one begins to wonder. Has anyone else come across any info that may give us some idea of what is going on?
Click to expand...

150 MILL is nothing, look how many shares they have out in the market.:eek:
 
ACEz said:
Trading halt put in place due to " Changing key company management personnel " Maybe There changing management hoping the takeover won't happen ? But I can't believe a European research company valued CTP at around half a billion :eek: But you never know with European "research" companies hahaha :banghead:
Click to expand...

did these directors buy CTP close to 20% and 'force' a management change?

Lots of rumours running in the rumour mill. No takeover teehee

Price might crash when it opens.. CTP is missing friday (huge down day) and it stopped itself being dumped midway friday.
 
Chasero said:
did these directors buy CTP close to 20% and 'force' a management change?

Lots of rumours running in the rumour mill. No takeover teehee

Price might crash when it opens.. CTP is missing friday (huge down day) and it stopped itself being dumped midway friday.
Click to expand...
Wow there are a lot of rumors and speculation floating around !

People seem to be trying to pump this TH up (JV with other companies over there coal etc) I personally think some Insider info was leaked before the TH :(

We will wait and see and IMO the result will be negative ,I think this will re-open at around 6-7 cents.

But you never know :confused: Hopefully I'm wrong and SP will rise when the TH is lifted :rolleyes:
 
apparently the old director didn't like farm ins/joint ventures.

New guy will hopefully take ctp in the right direction.

anyway, market likes the news.
 
Surprised this came out as a positive, sold out at 8.8c.

Hate the uncertainty in this stock , So many things going on behind closed doors , Good long term investment , But at the moment I'm more than happy to step aside and watch this story unravel :rolleyes:
 
God.. I hate selling out so early >_<

anyway, will try and learn from this. Gotta NOT be worried about speculation/ramping/downramping and just stick to clear entry and exit signs.
 
Its not just the long term share holders, but also the market obviously agrees that JH was holding CTP back, lets face it is no Steve Jobbs, and after the "oil flow likely debacle", I'm surprised that ASIC weren't investigating him. I think he should drop the legal action and get on with the next phase of his life, when lawyers get involved only the lawyers win (Unless of course you're Apache!)
 

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