Mate you know your stuff.I like the way you have worked this out...

Mate you know your stuff.

I like the way you have worked this out and I understand your pricing.
We have some bloody good assets without doubt.
And I agree about the cash position, absolutly correct.
Its the first business to be taken care of between the two, so it is important.

As you may know I hold both, as you do I believe.
So you would also know how undervalued TPT is at the moment, perhaps by a simular amount to JKA, "this has become a subjective thing".
I tend to view this more of a merger than a take over and it brings two undervalued junior oilers under the one roof to create a larger more interesting company.

Not only dose it do that but negates the need for a cap raising for us and asset purchases by TPT.
If we did go cap in hand to the market for more cash I believe it would have been at sub 7c and at least a 100 % increase in shares on the register so a simular dilution with out the prospects TPT have.

The market prices these small caps harshly but going forward as a consolidated company we have the makings of a min Genel acording to at least one English analyst.
I for one think its a bloody good idea with heaps of upside.
As for pricing now, it becomes academic.
We should just get on with it.

Thanks for the reply, cab