CTP 0.00% 5.4¢ central petroleum limited

palmer tipped to take bigger stake in central , page-4

  1. 1,639 Posts.
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    if they were to sell them all on market at once you could expect share price to fall around 10% (or so) Maybe 15% when you take into account the options.

    10.5 cents * 15% = 1.575

    Gives us a share price of around 8.9 cents.

    So, if I was Clive, Id be saying to the institutions - I'll give you around 8.5-9.0 cents for them.

    Otherwise, I flood the market with the 60 mill or so I have accumulated already and then they will be worth much less than what you bought them for...

    Up to you...Im Clive Palmer...I dont give a sh*t.

    I will get what I want for the price I am willing to pay.
 
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