Uznbuz
One thing I have learnt is just because a big insto or investor takes a large stake , it doenst guarantee a companies viability. Risco may indeed be positioning themselves for a TO, however they were doing most of the buying when the oil price was 50-60 not 30, so the value of the underlying TAP business is now materially lower. That 25-30 margin is the difference between 10 mill cash flow p.a. and 55-60 million. They could very much save the company but it is likely that it will be done at the expense of other shareholders. At 20% they virtually block the takeover from another predator and their negotiation power has grown immensely. What tends to happen is that the company is forced to issue shares at a much lower price , with to likes of Risco able to take up the short fall .
Let's hope they can pull a rabbit out of a hat, even selling the domestic gas business would help them survive for the next 12-18 months at least
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