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ZampJ

156 Posts.

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11/01/17

09:48

Post #: 21810500
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Originally posted by Maysgr ↑

They can make a takeover bid at any price.

If they get 90% acceptances (bearing in mind Taurus have over 87%, not sure what management have), they can then acquire all remaining shares at that price, regardless of what we think about it.

I am struggling to see the incentive for Taurus and RRP management to have us relisted in a hurry. They are not interested in selling.

We are at an impasse. Taurus don't want to go below 80% and the ASX don't look like granting a waiver on the 20% free float. Something has got to give.

My opinion is that we will get a low takeover bid (below 10c) and assuming they get that 90% then we will be able to do nothing about it.

The longer this goes on, the more I think that management don't really care about us minority shareholders. Just look at their communication skills with shareholders.

I would love $1 a share, but can't see it happening.

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Thanks for the info but let's hope it doesn't pan out this way, anything under 25 is a steel !!! IMO

RRP Price at posting: 4.1¢ Sentiment: Buy Disclosure: Held
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