so the combined entity would have: $8m cash $22.5m receivable from farmouts excecuted over the next 12 months somaliland 2d and 1 drill free carry morocco 1 drill free carry
Although I would not buy into TPT as is, I think the above leave both companies better off and more importantly for me as a JKA holder, removes the constant concern of funding that has dogged our SP since the HW3 drill.
JKA have great assets TPT have cash
sounds like a few of my mates' marriages!
JKA Price at posting:
8.6¢ Sentiment: None Disclosure: Held