If the speculation of a merger is true, we may have this scenario based on last traded prices (TPT 24c and JKA 7.2c):
1. A combined market of $66.09m (TPT 41.9m and JKA 24.19m)
2. Effectively, TPT holders will hold 63.4% and JKA holders holding 36.6%.
3. It would resulted in a share swap of 1 TPT share for 3.333 JKA shares. (Either TPT issues 100.79m TPT shares for all JKA shares or JKA issues 581.95m JKA shares for all TPT shares)
4. We will end up with 8 directors (probably a few too many then).
5. More assets to diversify our risk and more combined cash.
TPT Price at posting:
24.0¢ Sentiment: LT Buy Disclosure: Held
