It's a 'give way' - TAN is being sold to satisfy the large...

It's a 'give way' - TAN is being sold to satisfy the large shareholders with an interest in Webesters .

The earlier assessment of TAN poor cash position is no doubt the reason for the take over at the very low price

TAN has been a 'dud' for many years many promises but nothing delivered. Low or no profits one or two dividend . Guinness Peat could not turn their investment in TAN and sold out years ago.

Yes the investment in Water Rights and Trading was a good investment - droughts help increase demand for water.
May be TAN should have sold the farms and land years ago and concentrated on Water Rights and Trading.

Not too late for directors to negotiate a higher price!