CTP 3.92% 5.3¢ central petroleum limited

Defplayer, what information do you have that this is Magellan...

  1. 537 Posts.
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    Defplayer, what information do you have that this is Magellan selling? If they are selling out, there could be a way to go yet;
    "Magellan is the owner of approximately 39.5 million shares of stock in Central, representing an approximate 11% ownership interest as of September 26, 2014. Central is a Brisbane based junior exploration and production company that operates one of the largest holdings of prospective onshore acreage in Australia. Magellan received its shares in Central on March 31, 2014, as part of the consideration paid by Central to acquire Magellan's interests in the Palm Valley and Dingo gas fields. The Company's ownership of these shares is not subject to any trading restrictions imposed by Central, and the Company has the right to nominate one director to Central's board of directors. The Company's current nominee is J. Thomas Wilson, President and CEO of Magellan."
    Shouldn't there be a "please explain" from the ASX?
 
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Last
5.3¢
Change
0.002(3.92%)
Mkt cap ! $39.22M
Open High Low Value Volume
5.2¢ 5.3¢ 5.2¢ $31.66K 604.5K

Buyers (Bids)

No. Vol. Price($)
1 86808 5.2¢
 

Sellers (Offers)

Price($) Vol. No.
5.3¢ 23813 1
View Market Depth
Last trade - 16.10pm 28/03/2024 (20 minute delay) ?
Last
5.3¢
  Change
0.002 ( 3.92 %)
Open High Low Volume
5.2¢ 5.3¢ 5.2¢ 101711
Last updated 15.33pm 28/03/2024 ?
CTP (ASX) Chart
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