Risco is playing games, tactics and tricks to drag it down, 1m seller seem not realistic to me. It is mainly to make small holders go nervous hence making them to sell very cheap. Quarterly was just great yet no postive move in sp, keeping it suppressed for a while. Let's see how long the artifical pressure can sit. My 2 cent opinion only.
Cash was 35m at 30 june. They made a payment of 12m on 31 july hence cash is reduced by that. Debt is around 56m at 31july.
Troy has been tight lipped about strategic review( may be because of chatchai), lets see what sitting ahead, evidently all prudent steps are being undertaken by management to enhance shareholders value in this depressed environment!
TAP Price at posting:
31.0¢ Sentiment: Buy Disclosure: Held
