Thanks for your thoughts. Clearly TAP looks as if it is focussing more on a sale of non-core assets. I would be more than happy to consider investing more funds into TAP down the track should there ever be a need for a CR. Speculating here only (my thoughts) - if the company decides to go down the path of a CR and I was on the board, I'd be supporting a placement as well as a SPP to existing holders. Placements tend to be much quicker to complete than rights issues. In my opinion, raise the money that is needed with the placement and then offer holders a SPP so they don't miss out. Like others on here I'm hoping that increased debt will be the last option that the company takes - I still hope that TAP will be able to sell non-core assets as a first option. The question I have left to ask - how much is needed?
TAP Price at posting:
45.5¢ Sentiment: LT Buy Disclosure: Held
