Ann: Tap advises take no action regarding Risco takeover bid, page-5

Not really that fussed by 7 cents as I expected cash flow and rising oil prices to get us to 10 plus this year.

Interested as to what Northern do here. If they hold, the bid will die quickly, but if they are happy to accept, then it will be hard to stop this at <75%.

It will also be interesting to see who runs the defense and how hard they run with it. I pity the new Director. I'm sure that he was not planning for that level of workload from day 1.

I'm not planning on accepting, but if the tide goes out, I am not standing naked in the shallows.

AL