As far as I can tell, each was around $50m AUD in "refundable earnest monies", so it can be part or overpayment of whatever consideration they decide on.
I'm not sure why BSP doesn't attempt to buy out the rest of Triple. So far we haven't seen much effort to court the Australian market. What other reason for remaining in the asx except to seek capital? Is it worth it? Any dilution will dilute their own monies.
$50m would be an offer of around 6.6c per share for us remaining holders. Make us an offer, Mr.Cheng.
TNP Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held