YES, BUT, BUT, The total consideration and including the earn-out could eventually be as high as $15.82. Of course LPE is not an equivalent and I am not in anyway saying that LPE is worth anything like that. But it shows what these types of assets are worth(value) in the hands of another organisation with the right mindset. The TPC deal was announced at the beginning of April. And the River TO was announced in mid April. River was wanting a cheap entry. And they got it to some extent with the 'clowns' selling out at 0.08c. LPE has much further to grow now that the business is in serious hands. The 'clowns taking their bat and balls home' in February must be thinking why did we sell out so cheap when they would know bit about TPC. But of course that says much about their management and strategic thinking (or lack thereof). Had they been patient, they could have shared (as shareholders not directors) in the future share price of LPE. Of course the growth of LPE will not be a straight line upwards but it now has a chance of happening.
LPE Price at posting:
10.0¢ Sentiment: None Disclosure: Held
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