Ann: Supplementary Bidders Statement, page-3

First 3 Last

Share
Profile

Follow
AgAu

2,708 Posts.

21

10/08/18

19:22

Post #: 34867692
Share

Originally posted by AgAu ↑

Yeah right

Such a generous offer

"Insert Sediment Here" Risco and the BOD + The Thai Guy for reasons I cannot say here

"3. WHY YOU SHOULD ACCEPT THE OFFER
Under the Offer, Tap Shareholders will receive A$0.091 for every Tap Share held (Offer Price).
3.1. Premium to Tap Share price
The Offer Price represents a significant premium to Tap’s recent and historical trading prices. More
specifically, the Offer Price represents a premium of:
• 49.1% to the closing price of Tap Shares on 1 May 2018 (being the last day of trading prior to the
announcement of the Offer) of A$0.061; and
• 65.5% to the 30-day VWAP at 1 May 2018 of Tap Shares of A$0.055.
The Offer Price also represents a 5.8% premium to the closing price of Tap Shares on ASX of A$0.086
on 7 August 2018.
The Offer Price fully matches the “preferred valuation of Tap Oil on a control basis prior to the Offer” of
A$0.091 per share determined by the Independent Expert, BDO Corporate Finance (WA) Pty Ltd, in its
Independent Expert Report dated 10 July 2018. The Offer also represents a premium of 15.2% over the
Low Valuation of A$0.079 per share determined by the Independent Expert. "

View attachment 1233435

Expand

And were is the Thai Guy on all this

Remember not that long ago all the accusations and the letters to Share Holders

He is so quite about this now that I am suspect as about the silence from the Thai Guy

TAP Price at posting: 9.2¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Chaos reigns markets – so let's take stock of where we're at ahead of December

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

There are more pages in this discussion • 1 more message in this thread...

First 3 Last

Add TAP (ASX) to my watchlist

Ann: Supplementary Bidders Statement, page-3

Top Stories

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Chaos reigns markets – so let's take stock of where we're at ahead of December

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025