That sale would take RISCO to 36.6% Chatchai has 25.5%. It really is a crazy situation and I just cannot work what they are trying to achieve. One thing you can be sure of Asians do not like to loose face, loose money or look stupid, all of these three situations could occur after today if on Monday trading in TAP dries up and price drops back towards 7c.or lower. RISCO will look stupid as a miserable extra .019c would have most likely got them over the line.(an extra amount that they would get back in a few months anyway) As for Chatchai goodness only knows what his stupid offer was about. Both companies could suffer big paper loss on Monday. Only thing we do know is that TAP will be building up more and more cash and two Asian sharks want to get their hands on it. Maybe they have some sort of arrangement worked out to grab the cash without regard to ordinary shareholders?
TAP Price at posting:
9.1¢ Sentiment: Buy Disclosure: Held
