It's definitely squeeze time Mr911 and I can understand the position of wanting to avoid a raise.
The best way to do that is to start producing at Walyering and it really depends on the timing of that if there is to be any need to raise.
Talk of a 14c raise is a little close to playing a fear campaign though for mine, at least until I see the cashflow numbers in the quarterly and receive an update on the Walyering time frame.
It kind of cuts both ways- TPD are at their most vulnerable right now in the coming weeks, no guarantee that STX won't have to pay more down the track if production starts up and TPD is cashflow positive in the lead in to early 2024 drilling with TEG and NZO.
STX have an interest in getting this done too and the media campaign and games around the non-offer suggests they know if and are running a strategy.
We will soon see if that involves a slightly revised and actually open offer or not.
TPD Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
