sack the board part 2, page-5

"Can someone please explain to me why a jv partner would want to give 10s of millions to CTP for a minority/non operating stake in one of the projects when they can buy 5% of the company for $3m and roll the board?"

Less than 2% is for sale at the moment. And that is on a sliding scale, not for 5.3c;

The current SP reflects the lowest rate at anyone is prepared to sell their shares. Using that for a calculation is fruitless.

I would think you'd have to offer at least 10c now to get 5%. So that would be 10c X 60m = $6m.

Personally I believe you would have a hard time prying 5% out of people's hands without going to a much higher price.

- Karl