Their recent statement (as per the recent ASX announcement dated 28 Feb 2014), "..the Company requires additional temporary liquidity ahead of the expected May 2014 draw-down of the Manora debt facility and anticipated commencement of production at Manora in August 2014. As at the date of this report Tap has drawn down the CBA $20m corporate facility and is working on a number of options to provide further liquidity, including additional financing and monetisation of the significant value retained in its non-core assets.." worried me, but I still held on at that time thinking that things will improve down the track. But given recent trading over the past few days, I'm become very worried about what the falling share price might be telling us. I thought TAP's share price would hold up at the 43c level and then rebound from there, but unfortunately TAP has now dived well below that figure...Shocking news indeed..By the way, I've taken a large hit on this one.
TAP Price at posting:
34.5¢ Sentiment: None Disclosure: Not Held
