Expect a low ball offer

(Apologies in advance, writing this on my iPad)
RC will not sign any GSA until the government deals with the gas pipeline operators abuse of market powers. The outcome of the commonwealth government enquiry will be known by mid December 2016, which is likely to significantly enhance the value of CTP taking net profits from $40-60M p.y. to $60-80M (after completion of NEGI). 8-10 times earnings is not an unrealistic share price (ignoring the upside potential of the remaining acreage). This would undoubtedly be the best time in CTP's history to make an opportunistic offer. I will be guided by RC on this one and no hard feelings to the potential take over party as it never hurts to make a low offer given it sets an anchor point for the simple minded.