First time I have had a look at this shemozzle.
Seems to me a bunch of debt was taken on to acquire Meerenie on the assumption gas would get developed via the northern gas pipeline which is now looking doubtful. The company is cash flow negative and finds itself in a pickle with the debt.
Macquarie want their money back and the only way to get it is to buy the company.
The failure here is a result of borrowing for Meerenie while the northern gas pipeline hasn't happened (not viable?) and the anticipated cash flow from Meerenie hasn't materialised.
The only winner out of this is STO who sold half of Meerenie
- Forums
- ASX - By Stock
- CTP
- Hot Seat - MacBank Up's Pressure
Hot Seat - MacBank Up's Pressure, page-34
-
-
- There are more pages in this discussion • 19 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CTP (ASX) to my watchlist
(20min delay)
|
|||||
Last
4.9¢ |
Change
-0.001(2.00%) |
Mkt cap ! $36.26M |
Open | High | Low | Value | Volume |
5.0¢ | 5.0¢ | 4.9¢ | $16.85K | 343.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 25520 | 4.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.0¢ | 111916 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 25520 | 0.048 |
1 | 212787 | 0.047 |
1 | 23952 | 0.045 |
1 | 50000 | 0.044 |
1 | 232581 | 0.043 |
Price($) | Vol. | No. |
---|---|---|
0.050 | 111916 | 2 |
0.053 | 65708 | 1 |
0.054 | 96556 | 1 |
0.056 | 19995 | 1 |
0.058 | 172431 | 1 |
Last trade - 10.45am 06/09/2024 (20 minute delay) ? |
Featured News
CTP (ASX) Chart |