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19/02/15
08:52
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Originally posted by Sturnimator1
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Fair calls.
I don't see funding as a major issue, they should roll it into a new vehicle. Manora is still profitable even at $US53 and TAP can pay the debt no problems just need to adjust the repayments.
However what is not good is that we almost needed to sell the farm. This was irresponsible management. Poor.
I don't see a CR. Not sure if I would write them a cheque if one was put forward.
The reason we most probably don't see an adjustment to someones +5% shareholding sell down to ChatChai is that you are not penalised of not doing this - so whoever sold down probably doesn't care about putting the form in. It was almost definitely one of the main shareholders not a combo of small shareholders.
TAP has been a basket case for a long time. They need to change their name, they need some new blood and they need to learn how to throw some punches. Bunch of bloody fairies in my opinion.
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Yes Stur a basket case couldn't agree more ,Hopefully that will change, they now have a chance to turn it around but they need to play they cards well . let's see what TAP Management can bring for shareholders