Ann: Fourth Supplementary Target's Statement, page-9

I don't have any objections to this move.

This will circumvent any objections by Galt etc that the NA's didn't get an independent expert to review the updated offer.
It is now over 3 months since the initial report was done, on the original bid of 90 cents per share.
I'm sure the independent expert will be well aware the full $1.35 is not coming from the pockets of the Bidder.

It's nearly impossible to see how the independent expert could come up with a valuation any lower than the $1.62 to $1.92 previously provided.
I haven't seen any reports to suggest they should reduce the USD$90-USD105 PCI price assumptions in their model.
The AUD-USD assumptions in the report were $0.77 and higher. The USD-AUD was at $0.81 earlier this year, and has now dropped to $0.74. I saw one currency expert on Sky forecasting a range between $0.68 and $0.72 in the coming months. This will boost the value of the mine.

RRP had $93.7m in the bank as at 28/2 in that report. I'm sure it's not any less now.

I can also understand why they are saying that they are not forging ahead with a CR. It's simple that the offer hasn't ended, so Taurus still hold out hope of gaining control over 90% of the shares. There is no way the Taurus aligned directors will support a CR if they have over 90% control of the shares.

It's also on the public record now GG has stated a CR can be completed within 6 weeks. He will have no option but to endorse one if the offer has ended and they don't have control of 90% of the shares.
He should be well aware he is being watched, and there are a number of shareholders who would likely be willing to lodge further complaints if relisting isn't progressing.

It's also 4 weeks til the bid closes, no issues if the independent report only takes 2 weeks or so.

Let's not forget that they can't progress too far with a CR whilst the takeover bid is still in place. If the Prospectus isn't 99% complete after knowing they needed to do one 18 months ago, then it never will be.

I will be taking the advice of the NA's and TAKE NO ACTION.