This is a bubble. Can any poster validate the price other than as speculation or as the result of a power struggle?
Suggest Ivan is the problem and that the company has far less cash than anyone here believes. My back of envelope numbers would not be far wrong if they have only half a brick to use, as the Moroccan bond monies can't be accessed and may eventually be lost if they cannot proceed.
Reckon that Ivan has driven TPT into a wall and his mates at Carmichael's are looking to shore it up. Taking at the issue price looks like genius if they can get out.
TPT Price at posting:
13.3¢ Sentiment: None Disclosure: Not Held
