I have put the TAURUS offer letter in the bin. I believe that RRP has a future.
As a SH in Realm, TAURUS has many questions to answer before, taking control.
Forget about the ASX, ASIC, and FIRB, but, if APRA has any interest in fiduciary usury,
then Taurus should be #1, on their "hitlist".
As far as I aware, such activities are subject to the FIRB, and although RRP only
has 70% of Foxleigh, why is the area under review by Government, ALINTA, etc.
Maybe, a new development for AUSTRALIAN coal, in that region.
Good EPS, that is why TAURUS wants to "screw" SH.
ADANI, seems to have a stong interest in suchlike operations.
Bottomline is that I want to see RRP trade again, as I bought before consolidation.
IMO, RRP would trade on the ASX at $1.46-$1.63.
At least, TAURUS will have to up the bid, if another entity enters the fray.
GLTAH
RRP Price at posting:
8.5¢ Sentiment: Hold Disclosure: Held