Ann: Third Bidder Supplement and increase of Offer Price to $1.00, page-18

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16/05/18

09:07

Post #: 33122776
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Originally posted by Maysgr ↑

Hasn't your tune changed on this stock over time!

I remember the days when you were on here trying to buy as many shares offline as you could.

I also have plenty of screenshots of posts of yours on RRP, detailing your enthusiasm on this company and coal in general.

Do you work for Taurus?

In relation to the points you raise,

You highlight a figure of $77m in the ASX announcement in regards to the Performance Guarantee Facility.

I wonder where they get this figure from?

In the ASX released quarterly report (April 16) it showed the current amount drawn as at March 31 was $64.281m.
Has it suddenly gone up by $13m in a few weeks?

That same quarterly report showed a cash balance of $100.917m at the end of the quarter.

There was positive cash flow of (the bank balance went up) by over $30m in the quarter.

Cash $100m
Debt $64m
-------------------
Net cash position $36m (and only going up).

Hardly a case of having nothing left if the debt was wiped.

Taurus are trying to offer you as little as possible, and they are highlighting that we deserve 25% less for our shares on the basis of the number that they hold. I guess they have got to come up with any feasible excuse they can as to why they are, in my opinion, trying to deprive us of fair value for our shares.

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Yep the 25% thing is just rubbish. Simple supply and demand, Taurus demand them and supply is very very tightly held. Therefore should be paying $3 per share.

RRP Price at posting: 8.5¢ Sentiment: Buy Disclosure: Held
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Ann: Third Bidder Supplement and increase of Offer Price to $1.00, page-18

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