"There is no way this company will be taken over for 20 cents or less. You must be joking.
If there were to be a takeover then it would have to be at least 40 cents but most probably in excess of that.
20 cents. Too funny."
Obviously this conclusion is based upon the belief that CTP has "money in the ground". Big acreage might be a good selling point (attractive target) and seem to promise possible reward for shareholders but the reality is that if it is taken out it will be priced on other factors. The company is asset rich (so it seems) but cash poor and thus vulnerable. Palmer (if he is indeed involved) or others will be looking for the lowest take out price they can -name of the game - and predictions as to what the price would be are just guestimates. As one poster has noted, big money roots small money. That said I would expect, in the case of a takeout some increase on the present share price. Of course if there is some competition then the prospects would be much higher. Good luck to all holders.
CTP Price at posting:
50.0¢ Sentiment: Hold Disclosure: Held
