TBR 3.26% $4.75 tribune resources limited

Hi, I am new to TBR and frankly have no idea about the...

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    Hi, I am new to TBR and frankly have no idea about the likelihood of the Tapeta deal going ahead. But, if that deal were perceived as a threat by the market, isn’t it weird that RND is currently trading close to the market value of its bullion account, while TBR is trading at a deep discount to it? As I understand it, Tapeta is potentially far more dilutive to RND’s shareholders than it is to TBR’s. Any thoughts?
 
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