CTP 0.00% 4.9¢ central petroleum limited

Ann: Trading Halt , page-27

  1. 555 Posts.
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    Timing of the takeup of the offer is probably going to be timed to coincide with the stage 2 drilling results and JH is likely to want to keep the bond facility going as well.

    With all the talk about Shell's takeover bid for Arrow, and now news about possibly going after AGL's coal assets the only reason I would see BG leaving is so that they could come back in and buy CTP, for a lot less than it would cost to pay its way for 20% and no real voting power.

    Given JH seems to have knowledge of some of the posting here it would be nice if they could do a BRR update (when the offer has been disclosed etc) to explain their rational.
 
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1 19918 4.9¢
 

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Price($) Vol. No.
5.0¢ 300000 2
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