So now we have the 2 major holders with over 55% of the shares, Risco at 30.2% and NGP at 25.5%.
Today's trades will have added to the Risco position, with another 1.9 million shares added at 91 cents.
If NGP wants to get more shares, and limit Risco's greater involvment, they will need to get into the market asap, or Risco will purchase all the free shares at their bid price. If NGP want to get a similar holding to Risco, they will need to move quickly as the likely price will be higher for the remaining outstanding shares.
This is a good position for small shareholders, but one that will get very risky when the music stops.
DYOR and GLTAH.
AL
TAP Price at posting:
9.1¢ Sentiment: Hold Disclosure: Held