CTP central petroleum limited
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could it be a Rights Issue, Underwritten by Macquarie? they are...

  1. jake0002
    8,793 Posts.
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    20/07/17
    16:08
    Post #: 25986984
    could it be a Rights Issue, Underwritten by Macquarie?
    they are well and truly below the 20% t/o threshold.
    they would have no problems underwriting a R/I as it would be an issue offered to all s/h on the same terms.
    also, if they were happy to buy at 20c p/s, why not be happy to buy/underwrite at a much lesser figure?
    that way Macq gets a bigger slice of CTP before they decide to do anything else?
    This exact scenario happened/is happening at Flinders Mines Ltd (FMS)
    CTP Price at posting: 13.0¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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6.0¢ 		Change
0.005(9.09%) 		Mkt cap ! $44.71M
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