Nine massive TAP trades between 11.20 and 2.18 today with a total value of 81 cents. Have always thought as TAP gets closer to reducing its debt and Manora cash starts to build up, the SP has to rise or a T/O takes place. It could be yet another Asian company picking up an OZ oiler on the cheap. NGP or RISCO I would go for NGP. Nice if NGP can get TAP for say just over NTA of 12cents and write off the $10m they owe at the same time. Could be another case of OZ investors getting mugged yet again.
TAP Price at posting:
9.0¢ Sentiment: Buy Disclosure: Held
