Sorry! did not ask if the company was going to make a formal response so I guess that remains open.
Was advised the announcement re the debt facility would be sooner rather than later, possibly first week in October and that this in itself would help restore confidence.
This would also help to free up any counter measure actions that TAP may feel necessary, guess they are restricted to react hands are tied until the new debt facility is in place.
TAP confirmed there was little they could do to interfere with the workings of the on market share transaction processes, unfortunately.
There has also been a meeting with a certain major shareholder and that did not provide a positive result, despite the best intentions of TAP.
Discussions with institutional investor companies has also been difficult with the background noise and the present price of oil.
Menora continues to provide healthy returns despite the present oil price.
Risco was briefly described in the context of an opportunistic investor, as the SP seriously under values the company.
This and my last two posts cover all discussions with the company, so you can make up your own take based on this. Feel free to contact TAP if you are still concerned and need additional confirmation.
TAP Price at posting:
18.0¢ Sentiment: Hold Disclosure: Held
