Can't they do that already, if they sell 5% holdings. It has...

First 18 Last

Share
Profile

Follow
whitto

882 Posts.

4

11/04/18

13:27

Post #: 32376823
Share

Originally posted by Maysgr ↑

The 15% can't come from ordinary shareholders like you and I. We don't own 15%.

On the figures in today's announcement, as at 28/3/18, Taurus already own 85.7% (prior to adding any shares that have accepted the takeover offer).

RRP is of more value to Taurus if it is listed, assuming it is unable to get control of enough shares to force compulsory acquisition of ALL shares.

This crowd supposedly looking at a 15% stake would prefer it to be listed also, otherwise why not wait until the takeover went through and the company was privatised.
If RRP remained listed it would give them liquidity for their holding, and a market (other than Taurus) to be able to change their holdings.

I see it playing out as follows,
- RRP agree to 15% shareholding of new investor.
- This is achieved via the issue of new shares and via a small sell down by Taurus. Taurus retain 80% ownership of RRP, and the holdings of us retailers are untouched for non T/O acceptors.
- Issue price for shares of no less than $2
- RRP apply for relisting on the ASX
- RRP start trading again, well north of $2

I'm not as sold on the prospects of dividends as some others on this forum. Taurus will control this, and will do what they think will generate the best return for Taurus.

Expand

Can't they do that already, if they sell 5% holdings. It has been the problem all the time. I think they have something else in their plan.

RRP Price at posting: 8.5¢ Sentiment: Sell Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

HotCopper Highlights: Your most watched stocks for Week 46, 2024

AN1

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

BNL

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

ME1

Banshee's historic trenches prove rich in antimony and gold for GDM

EDE

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

LYN

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

AUN

Cyclone signs MOU with Vale for development of Iron Bear play

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

There are more pages in this discussion • 10 more messages in this thread...

First 18 Last

Add RRP (ASX) to my watchlist

Can't they do that already, if they sell 5% holdings. It has...

Top Stories

HotCopper Highlights: Your most watched stocks for Week 46, 2024

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Banshee's historic trenches prove rich in antimony and gold for GDM

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

Cyclone signs MOU with Vale for development of Iron Bear play

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks