I have some further food for thought after looking in to Taurus...

I have some further food for thought after looking in to Taurus a little bit today.

I would definitely not be discounting Taurus accepting a rival bid.

On the Taurus website there was a list of companies where they provide information where they have made investments.

One of these matches a name mentioned in The Australian newspaper article, that being Stanmore Coal.

Guess who is a current financier of Stanmore Coal? Yep, that would be Taurus.

Stanmore announced details of their debt refinancing in August /September last year (via an ASX announcement).

2 facilities, USD $29m and USD $22m respectively
3% establishment fee
Interest rate on drawn funds 10%
Interest rate on indrawn funds 2%
1% mine royalty

There are plenty of ways Taurus can make money out of this situation, you can decide who's interests they will be looking after first.