If TPD retains status quo, item a and b are no longer applicable. TMK has $6M in the bank, so our exposure is currently capped at $2M on a 33% interest basis. That ofcourse could change. There are other implications such as a problematic overhang, even risk that SH approval may not be achieved. I prefer the idea that we stay our own course, let the Gurvantes strategic review run to it's natural conclusion. If that timeframe doesn't work for STX, so be it.
TPD Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held