CTP central petroleum limited
Add to My Watchlist 1.85% ! 5.5¢

Is Mac bank selling responsible for fall in share price?, page-5

  1. m0ngy
    10,075 Posts.
    lightbulb Created with Sketch. 4852
    clock Created with Sketch.
    18/10/17
    08:21
    Post #: 27985503
    A problem for Mac Bank in their TO tactics is that by selling down their stake they limit their ability to execute an unconventional TO, ie buy more, use the creep provisions in the ASX rules, eventually spill the board and at 90% compulsorily acquire the last 10 per cent. So you are righ, only a full TO offer to all shareholders can succeed and there would be more companies than Mac Bank running the ruler over us right now for a competitive TO which would have to be more than the rejected 20 cps.
    Last edited by m0ngy: 18/10/17
    CTP Price at posting: 9.0¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 6  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

NEWS High-Grade Scandium Assays Returned at Syerston from Drilling Campaign
right-arrow Created with Sketch.
NEWS Progress in Phelan-McDermid Syndrome Program to Be Presented at PMS Global Congress
right-arrow Created with Sketch.
NEWS Orthocell Announces First US Surgical Use of Remplir Following FDA Clearance
right-arrow Created with Sketch.
NEWS 30,000m Diamond Drilling Commences at Napie Gold Project
right-arrow Created with Sketch.
CLA Celsius Resources Commences FEED and Feasibility Study at MCB Project Site
right-arrow Created with Sketch.
NEWS Equity Metals reports that drilling is underway on the Silver Queen Ag-Au property
right-arrow Created with Sketch.
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
Add to My Watchlist
(20min delay)
Last
5.5¢ 		Change
0.001(1.85%) 		Mkt cap ! $40.98M
Open High Low Value Volume
5.4¢ 5.5¢ 5.4¢ $91.62K 1.696M

Buyers (Bids)

No. Vol. Price($)
1 449381 5.4¢
 

Sellers (Offers)

Price($) Vol. No.
5.8¢ 6030 1
View Market Depth
Last trade - 15.59pm 27/06/2025 (20 minute delay) ?
CTP (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.