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$4.83 tribune resources limited

This is a thread discussing an official report detailing...

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worzel1

1,107 Posts.

115

18/09/18

15:16

Post #: 35674604
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Originally posted by eshmun ↑

“I think one thing is very clear from the announcement, and that is that the checks and balances within TBR don't even exist.”

I think you might want to be careful with what you are saying here in a public forum as I know for a fact that a prominent local law firm oversaw the legal due diligence involved with the ASX imposed Chapter 1 and 2 recompliance that was forced on Rand by ASX in relation to the Tapeta option agreement (and in conjunction and with the knowledge of ASX). The company had a system of corporate governance and it obviously stopped the transaction from proceeding for some reason. It was never a secret to the market or to the ASX that the Tapeta option represented a reverse TO of RND. That’s why they have Chapter 1 and 2 recompliance provisions in the corporations law to ensure that these things happen with full disclosure. ie disclosure which would be equivalent to an initial IPO. You are treading on very thin ice with that comment IMO.Esh

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This is a thread discussing an official report detailing numerous breaches of the Corporations Act and false submissions made to the Takeovers Panel, I think it is safe to say there is a problem with the company's checks and balances.

Last edited by worzel1: 18/09/18

TBR Price at posting: $6.70 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $4.83		Change 0.080(1.68%)		Mkt cap ! $230.8M

Open	High	Low	Value	Volume
$4.83	$4.83	$4.83	$5	1

Buyers (Bids)

No.	Vol.	Price($)
1	11000	$4.35

Sellers (Offers)

Price($)	Vol.	No.
$4.84	499	1

View Market Depth

No.	Vol.	Price($)
1	1100	4.850
1	2079	4.800
2	2250	4.600
1	538	4.500
1	550	4.310

Price($)	Vol.	No.
4.960	1	1
4.970	2	1
5.120	1000	1
5.200	200	1
5.500	100	1

Last trade - 12.39pm 29/11/2024 (20 minute delay)

TBR (ASX) Chart