More likely Macquarie will keep Meereenie and slowly buy up the company bit by bit. The assets will be derisked by the NGP and they have the time and money for patience.
CTP Price at posting:
9.3¢ Sentiment: Buy Disclosure: Held
The rate of return Macquarie will get on its invested capital remaining involved with CTP over time may be below the returns they want. Macq won't tolerate a sub-par rate of return so it makes financial and corporate ethics sense to sell Mereenie and its CTP shareholding.
CTP Price at posting:
9.3¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
