July action will increase value, page-5

The only reason the Offer was extended was because the Takeovers Panel ordered it.

Taurus had no intention on extending the offer, it's in the announcements.

Taurus and the aligned Directors (including Galt) have no option but to act in the best interests of all shareholders now.
They have brought too much attention to themselves recently. You can pretty much guarantee every move they now make will be watched closely.

The only option they have is to promptly complete the capital raising, unless they promptly announce a new bid from a 3rd party with no links to Taurus.