That's exactly what you'll be doing! You are right to take the...

First 3 Last

Share
Profile

Follow
justinmetals

7,982 Posts.

1556

02/06/17

13:50

Post #: 25065006
Share

Originally posted by colhermit ↑

Have been following this very closely as I have a considerable amount of money invest in this stock. Am particularly p.ssed off with the current situation. I think it is criminal that a bank with whom CTP has divulged all of it's financial and business information with should be allowed to decide that instead of lending CTP the money needed to develop their resources they decide that they will take over the company and make the profit for themselves. If this is worth Mac Bank buying then surely there would be no risk in lending CTP the extra money required to take advantage of the current gas shortage.
Everyone is blasting Cottee and the board for selling out but maybe they have been backed into a corner my Mac Bank? Who knows the real situation? I actually suspect that Cottee was hoping for a superior offer as happened with AGL but was not so lucky this time.
I am certainly with all the people on here that want to stick it to Mac Bank and say no but at the same time am undecided because i have already lost so much...am wondering if something is better than nothing. Was a bit apprehensive about saying my thoughts on here because any naysayers are immediately jumped on but was wondering how many other undecided confused people are out there not speaking up too? I really want to vote no but wonder am i cutting off my nose to spite my face?

Expand

That's exactly what you'll be doing! You are right to take the 20. What is the option? Optionco? What the hell is their plan? They dont have one!! Mac OWN CTP already and they are going to have it... if not for 20, for less. Take your twenty but now that price has slid you will have to wait for a yes vote to get up! And based on the opinion of the HC and M&D CTP SHr masses I'd say you might even be wise to sell at 18c today because if the no vote gets up.... hello 10c

Last edited by justinmetals: 02/06/17

CTP Price at posting: 18.0¢ Sentiment: Sell Disclosure: Not Held
5 Upvote

0 Great analysis

Reply

Top Stories

What's causing the cost-of-living crisis, and how to navigate it

MTH

Mithril's drilling in Mexico picks up silver at 997g/t, gold at 28g/t

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

M4M

Macro, Norden set up transport solutions initiative for West Pilbara

Week 42 Wrap: HotCopper's top picks; new ASX 200 record; world yawns at war

NVU

Nanoveu surges 10% after benchmark testing for new AI chip begins

TLG

Talga Group wins key permit for flagship graphite mine in Sweden

SNX

Sierra Nevada raises $2M for silver exploration at Blackhawk

IRX

InhaleRX snags $38.5M in funding from VC biotech funder Clendon

SWP

Swoop lobs $18M offer at microcap telecom Vonex – in which it holds 19.9%