Ratbox, I would add to that:
- From what I understood from Triangle announcements there is 2 drill rigs in Perth Basin, STX does not have both booked,
- Cash at TPD has to be running out, but there is almost $3mil a month ongoing,
- STX has announced more drilling of Waylering to extend life early next year,
- If not for this take over TPD would still be in Mongolia, and possible potential is bigger than where STX currently is. Yes and there is risk.
My point being TPD is not riding on STX coat tails. It is highly likely TPD share price would be higher today if not for this take over.
I will vote in favour of the take over with my TPD shares if the stx share price is at least 46c. I have uped this because of higher TPD (by themselves) prospects.
Lets see where it ends up. I am for it with a higher STX share price.
Just my views.
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