they may be waiting to see what Taurus do now - seems that the...

they may be waiting to see what Taurus do now - seems that the take up offer has been incredibly low (what a shocker). Current offers expires on Monday next week.

honestly just hoping now we can do this cap raise - give us a bit extra cash, discharge any of the Taurus loans/guarantees, get back to trading and maybe look at declaring dividends in 12 months time. Also looking at selling some of the overseas resources so at will free up some more cash.

but i'm sure Taurus have another way to delay, if they do then takeovers panel/asic need to step in. There may be nothing illegal being done but there is definitely an ethical/moral/bullying issue that needs to be addressed either way.

If there is another takeover offer from another party i certainly hope that another independent valuation gets done and takes into account the new pit and updated financials for the FY18 year. Expect to see more than $2 a share in that case.