TAP
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0.00% 7.8¢ tap oil limited

Ann: Change in substantial holding, page-8

  1. UZNBUZ
    1,900 Posts.
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    20/01/15
    16:21
    Post #: 14611467
    Only one feasible scenario IMHO - that is M&G want out and Chatchai wants in (takeover).
    May as well get as many as he can before the takeover premium is added.

    Troy would be absolutely shattered by this scenario - takeover in low 50s would leave his 2 mill + holding out of the money and his incentive share potential disappears. Chatchai cleverly taking advantage of the low oil price and getting the company at a fire sale price.

    Absolute tragedy !
    Only thing that can save shareholders now is a competing offer.
    TAP Price at posting: 37.0¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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