Got my broker to call a Director at Taurus that he knows earlier this week. Bottom line is that investors will be looked after.
Reality is that it may take some time to come back on as they are working on the 20% float angle into a corporate deal (PLAN B), ie use RRP scrip in a corporate transaction to satisfy the 20% rule, hence the uncertainty around this timing.
Plan A was a complete stuff-up as no-one at Realm had any idea about how equity markets work.
The benefit of such a deal is that they are more likely to get the scrip issued around fair value.
If the deal is coal asserts I imagine both new and existing would be valued on the same basis, in my view that would be circa 20-25c.
If it is only a small deal, say $100m, assuming $75million debt, problem solved
RRP Price at posting:
8.5¢ Sentiment: Buy Disclosure: Held
