TAP must be unique on the ASX and you really have to ask how much longer can it last. Using these very quick calculations Market cap$38.5m 6 month cash flow A$40m,Debt balance$11.86, cash balance A$8.53,Franking account balance$71.8m . Every day the situation gets better as the cash flows in. I still think something has to give or soon cash will exceed the market cap. Reserves look to be about 3 years but could very likely increase. I have to agree with the several poster that have suggested a possible dividend could be the move to get the SP up.
TAP Price at posting:
9.0¢ Sentiment: Buy Disclosure: Held
