I know I am negative but I believe this seems to be lost on people.
Can someone please explain to me why a jv partner would want to give 10s of millions to CTP for a minority/non operating stake in one of the projects when they can buy 5% of the company for $3m and roll the board?
Any JV partner with half a brain is going to go after the company, not the asset.
Why would a takeover be a bad thing for CTP shareholders anyway? A 75% loss over 6 years is enough. Even if things go well this year it is clear that they would go better with new management.
I can see why management wouldn't want a takeover - they don't have any real equity in the company so they would just be losing their lifestyle salaries, but shareholders should welcome a fresh start.
I know I am negative but I believe this seems to be lost on...
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Last
5.2¢ |
Change
-0.001(1.89%) |
Mkt cap ! $38.75M | |||
| Open | High | Low | Value | Volume |
| 5.3¢ | 5.4¢ | 5.2¢ | $14.31K | 272.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 472516 | 5.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.4¢ | 325000 | 1 |
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| Last trade - 14.48pm 09/10/2024 (20 minute delay) ? |
| CTP (ASX) Chart |