This is the way i see things. BG could be tapped out capital/cash wise with the recent purchace of Queenland Gas and building of an LNG plant in Gladstone.
7 cents was a prime opportunity for a stake acquisition or total takeover. Credit markets also not what they used to be, money would be harder to raise/borrow, even for BG.
I am of the opinion that BG would prefer total control of any operation they're involved in. QGC are puppets now.
Dont forget, BG dont care about CTP holders.
My thoughts
enjoy
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5.1¢ |
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Mkt cap ! $37.74M |
Open | High | Low | Value | Volume |
5.5¢ | 5.8¢ | 5.1¢ | $332.4K | 6.067M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 422516 | 5.1¢ |
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Price($) | Vol. | No. |
---|---|---|
5.3¢ | 13500 | 2 |
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No. | Vol. | Price($) |
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1 | 422516 | 0.051 |
1 | 100000 | 0.050 |
2 | 365000 | 0.049 |
2 | 43743 | 0.048 |
1 | 130000 | 0.047 |
Price($) | Vol. | No. |
---|---|---|
0.053 | 13500 | 2 |
0.054 | 1164075 | 1 |
0.058 | 982500 | 6 |
0.059 | 519508 | 2 |
0.060 | 90909 | 1 |
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