Ann: Tap advises take no action regarding Risco takeover bid, page-8

Put simply the cash position alone should tell you this bid is just BS (either as an "look here" or seriously thinks its an honest bid)
Cash position 13,087,000 in usd = $17,473,762 aud.
We are in a new qtr and lets say we make the same $ decline offset by poo so add 5,334,000 usd.
So in cash alone by end of June should be sitting around 18,421,000usd. Which is $24,595,719 divide by no of shares 425,967,534 is .058cents