new Santos strategy, page-29

Hi Jake0002, i'm sharing a similar line of thought to yours, but I don't think Santos will T/O CTP.
Going by RC comment: "make it difficult for the Board to resist an Offer that provides shareholders with a liquidity opportunity at a significant value premium"
My call of this- We are about to issue of significant amount of shares to Santons (at a premium) to block MB and inject cash into CTP for development and survival- For Santos- this secure the gas to flow down to Moomba and Santos's control of CTP . Also, it doesn't waste too much $$$ from the recent placement as T/O might require.
150 millions shares @ 25c = $37,500,000. Only %4 of Santos recent successful placement, will represent a %25 control of CTP and blocking any future T/O bid. Not to mention, the value it represent to Santos past 2018 when CTP start generating substantial income