"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
sack the board part 2, page-5
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Last
5.2¢ |
Change
-0.001(1.89%) |
Mkt cap ! $38.75M | |||
| Open | High | Low | Value | Volume |
| 5.3¢ | 5.4¢ | 5.2¢ | $14.31K | 272.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 472516 | 5.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.4¢ | 325000 | 1 |
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| Last trade - 14.48pm 09/10/2024 (20 minute delay) ? |
| CTP (ASX) Chart |