"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."
It would not take 25 % SPP (Say 100mil shares) from Santos to block MB, we already have a significant voting block ( round 60 mil) , it would only need about another 30 mil and that would give us a total of about 90 mil shares voting our way.
Not every shareholder votes. Assume 60% voted ( about 270 mil ) that reduces the 25% voting block down to 50 mil (balance 200 Mil) so any vote that does not get 75% is doomed.
It is closer to those figures than people think.
So we have an excellent chance of keeping MB at bay.
The secrete is to stand united and keep our nerve.
CB
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Last
5.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $39.49M |
Open | High | Low | Value | Volume |
5.4¢ | 5.4¢ | 5.3¢ | $7.897K | 148.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 63969 | 5.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.4¢ | 31690 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 63969 | 0.053 |
3 | 283254 | 0.052 |
3 | 554313 | 0.051 |
4 | 375000 | 0.050 |
3 | 40418 | 0.041 |
Price($) | Vol. | No. |
---|---|---|
0.054 | 31690 | 1 |
0.058 | 100000 | 1 |
0.060 | 99559 | 2 |
0.062 | 11500 | 1 |
0.069 | 200000 | 1 |
Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
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