I think that the 25.11% that Thomas Soulsby is shown holding at 1.5.2018 is the same 25.11% that Risco holds before and after. Check AFR TAP shareholder info. So it looks like between Risco and NGP there is only about 58% held even now. While they can claim that there is no value to them in the imputation credits, I am sure if need be they could devise some way of extracting that value - maybe get full control, strip out cash and assets, sell TAP shell with credits to an Australian co, for instance? Got the phone call today, will be continuing to hold my 1.3M shares, 9.1 cents well underdone in my opinion. Brewer.
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