They wont control the dividends....its up to management not the...

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RedTerritory

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12/04/18

11:10

Post #: 32402941
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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.

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They wont control the dividends....its up to management not the shareholders on the dividend policy.

IMO the 15% mooted is just the rounded number of share they could buy from current shareholders

I'd like it to be another 15% of shares on issue.....that would allow for us to relist. That would benefit everyone. T2 arent interested in actually owning and running a mine...its allabout how to maximise their return on their invest ment and they know they arent going to get enough to get to the compulsary acquisiton stage

RRP Price at posting: 8.5¢ Sentiment: Hold Disclosure: Held
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They wont control the dividends....its up to management not the...

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