Dont you think it is pathetic that the offer is based on the share price and not on the intrinsic and future value of the business? There are two big holders that cant buy any more without a takeover offer , the Thai chap does not appear to have the cash to make a take over offer but IMO will not sell out to risco as there is too much value to just throw it away at this price. The share price therefore is skewed by an abnormal market place so in my view should not be taken as a true valuation.
As the bank balance grows it should promote some more positive activity.
TAP Price at posting:
9.2¢ Sentiment: Buy Disclosure: Held
