CTP 1.85% 5.3¢ central petroleum limited

Now in "Predator Territory"

  1. 7,728 Posts.
    lightbulb Created with Sketch. 35
    With 105 Mil voting in favor of all resolutions and 5 Mil against, it is clear that CTP is now at the mercy of a predator.

    Mac Bank who wanted the company last year , will no doubt still be interested now that the numbers against are so low.

    I suspect, that an offer of another SOA will soon emerge at around the 15 cents mark.

    Early 2018 will be the critical period, why would MB walk away from a certainty, they know the assets, they know the management and they know that time is running out , AND they have a lot of cash in the bank.

    And that will be the end of it.

    CB
 
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