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Rampaul

409 Posts.

65

01/01/24

23:10

Post #: 71685064
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Originally posted by Slyvestor: ↑

Nothing left if the Blackspur assets are sold, except for the name and some office furniture. It is effectively a sale of the company unless management decides to invest the money into something new.

Not sure what the acceptable sale price will be, but it will likely represent a loss for the long term holders who bought in at 20c. I was one of those but took the punt that a sale would eventually occur and have been buying since it dropped below 7.6c to get my average down. 12c will see me get a slight profit, anything less and I will have to mark this up as a loss.

I think there may have been some deliberate selling down leading up to this offer, it had the desired effect in driving off many of the hard core belivers and will make a low ball offer look much better. My guess is low to mid teens....Management were buying up after the Montney sale at 9c, they saw that as a good price and they new what the previous offer price was.

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I don't getvthe reinvest thesis. No retail and I doubt many instos woukd bevin favour of reinvesting and it's not something they have signalled previously. Given track record you would think wind up is only merciful and viable path forward.

CE1 Price at posting: 6.5¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 0.7¢		Change 0.000(0.00%)		Mkt cap ! $4.432M

Open	High	Low	Value	Volume
0.6¢	0.7¢	0.6¢	$258.8K	37.21M

Buyers (Bids)

No.	Vol.	Price($)
11	19044930	0.6¢

Sellers (Offers)

Price($)	Vol.	No.
0.7¢	2000000	1

View Market Depth

No.	Vol.	Price($)
10	18953330	0.006
11	15612000	0.005
13	6285450	0.004
5	11866000	0.003
3	3188880	0.002

Price($)	Vol.	No.
0.007	2000000	1
0.008	4012668	14
0.009	3672203	12
0.010	8160629	9
0.011	142857	1

Last trade - 16.10pm 17/06/2024 (20 minute delay)


Last 0.7¢			Change 0.000 ( 9.72 %)
Open	High		Low	Volume
0.7¢	0.7¢		0.7¢	11561085
Last updated 15.59pm 17/06/2024 ?

CE1 (ASX) Chart

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