anyone got a better sugestion ?, page-6

Morefish,

I don't think the JKA BOD can block the Yes vote. Its upto holders, but at this point, TPT have struggled to just 10% of the issued capital of the company, certainly not a big jump into the offer at this point in time.

I'm holding off also, until we hear a bit more from the BOD, but I'm hoping the BOd are working on some innovative solutions.

I don't think they need to sell off all of an asset (certainly don't want to lose Aje) but could maybe sell part of the Bargou permit (may even get away with just 5%), if they can resurrect the convertible loan note then this is another option as well. Would prefer either of these 2, or early payment of Sterlings deferred consideration on Somaliland (but I don't think this will happen due to political risk around the block).

I'm still sitting on the fence seeing where we go from here.

Cap Juby also just around the corner, which could be the make or break option. If the TPT share price dives if the well is a failure, then remember so does your consideration, hence why I'm holding off.

It does say in the offer documents that TPT cannot withdraw the offer, so in the even Cap Juby fails, just suppose TPT's share price falls to say 15c, the shares you have accepted will still be converted (valuing JKA at about 7c), or the same price we were trading at prior to the offer coming forth. Obviously a favourable result at Cap Juby can go the other way, so I'll be holding onto my cards for a little while longer.