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
100k
what will bg do if, page-3
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Last
5.3¢ |
Change
-0.001(1.85%) |
Mkt cap ! $39.49M | |||
| Open | High | Low | Value | Volume |
| 5.4¢ | 5.5¢ | 5.3¢ | $12.07K | 219.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 163385 | 5.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.5¢ | 300000 | 1 |
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| Last trade - 15.44pm 01/11/2024 (20 minute delay) ? |
| CTP (ASX) Chart |