TPT is a one trick pony. Morocco. it does have cash to about $10m ?? that is coming in.
I think it would be a very smart move to merge these two entities. TPT cannot afford a failure in Morocco. JKA has some great assets but cash is not one of them. The $15m for Odewayne is down the track and Aje is coming up.
They both have high impact projects that are fully funded. JKA has a north Afr focus. TPT also.
Hammermet nearly did for JKA. and sp is really suffering. TPT very unloved It could do with a brace of new projects.
TPT 136m shares JKA 366m shares
It is also apparent to most market followers that cash for explorers has evaporated. I say merge these entities now while they both have strength. just get rid of the surplus directors, whoever they are.
JKA Price at posting:
7.0¢ Sentiment: Hold Disclosure: Held