tpt to takeover jka at 11.2c per share, page-58

a positive outcome here would be very good for TPT, as the trident structure looks up dip from the cairn drill too.

Updip is exactly the problem - updip means greater likelihood of exposure to biodegradation.

I'm honestly not confident about Morocco, the rewards are great but the risk remains very high. But if the match-up enables JKA to more easily fund HW and Aje it might be worthwhile. If we tried to raise these funds by equity we'd be looking at close to 50% dilution anyway, so here we get 50% dilution and a free shot at Morocco which might just pay off.