Another possibility is the inverse process.1. Create an entity...

Another possibility is the inverse process.

1. Create an entity to hold Walyering and other Australian assets.
2. STX provide x shares to each TPD shareholder effective on y date.
3. On that date STX pays some cash to TPD and takes ownership of TPD Australian assets.
4. TPD shares on the data after are for TPD remaining asset (Mongolia).


The TPD shares trade at whatever the market thinks they are worth. My starting point is it will be half the market cap of TMK.
Logically, TPD will be folded into TMK some time in the future, after TPD runs out of cash.