Australia's largest stock trading and investment forum Australia's #1 stock forum

TAP

Click for more information

0.00%

7.8¢ tap oil limited

Ann: Proposal received from Northern Gulf Petroleum, page-3

First 3 Last

Share
Profile

Follow
Windsor76

1,084 Posts.

242

17/08/18

09:58

Post #: 34988732
Share

Originally posted by brianchu82 ↑

What I read is that Northern Gulf Petroleum wants to purchase a partial stake of TAP to increase their holdings to 35-45% of TAP at a price between 10-11c in order to counter Risco's 9.1c complete takeover of the company. They do not want the entire company and not even a controlling stake, possibly because Risco has a substantial stake.

I am sensing that Risco and NGP want to take out the other shareholders and split the company between themselves. They know this company is worth more than what it is now, naturally.

I like how they are tiptoeing on eggshells to try to take the smaller shareholders out, without making big offers. They know how tired the smaller shareholders have been about the stock price scraping the bottom and so they want to have it all to themselves for as low a price as possible.

Almost playing out like AGO right now.

Expand

In short small shareholders held over a barrel by two con artists. It appears no other company sees the value in TAP.

TAP Price at posting: 9.1¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

VUL

Vulcan appoints investment bank and M&A veteran to board

ASN

Utah authorities sign off on Anson's lithium extraction plans at Green River

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

NAM

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

There are more pages in this discussion • 23 more messages in this thread...

First 3 Last

Add TAP (ASX) to my watchlist

SPONSORED BY