Fair enough mrposhman, it appears you were correct all along. I assumed there must have been a reason that the merger was recommended by the board (outside of getting new jobs that are essentially their current jobs), if anything some of the board are doing themselves out of a job) Your points make this merger seem very unattractive.
If kastin is correct as well then the cash TPT brings to the deal is also in doubt. Cairn energy Moroccan drill hasn't had a commercial result. If the TPT asset is written down and the cash disappears we aren't getting an awful lot.
JKA Price at posting:
8.2¢ Sentiment: Hold Disclosure: Held
