SHAREHOLDER SYNDICATE BID TO PRIVATISE CTP, page-12

Coronavirus, oil market war, continuing lower LNG prices impacts will continue eroding CTP share price. Share price likely fall to 5 cps and flat-line around 5 cps. Unresolving Australian energy market political madness dynamics contribute to high capital risk to potential bids for CTP. At 5 cps physical distance from major markets continues profound uncertainty risk. Sudden shifts in political market dynamics could flip CTP into a financially loss making unviable disaster readily heading to formal administration. Tenement prospect variability and other organisational complexity have and continue to repel takeover bidders. Should a takeover offer be made there will be no competing bids as all of the above make capital risk extreme. CTP will be available to a single bidder at 5 cps. Shareholder syndicate should be that bidder with view to reorganising CTP, selling selected tenements / assets, and distributing realised value to syndicate shareholders.