What is Talon worth?, page-273

I'd be quite happy to roll my TPD shares over into STX.
I think Strike will be in an even more strong position with 100% of cashflows from Walyering. And Strike, itself, has potential x2-x3 upside in the next year with drilling and reserves upgrades, imminent transition from explorer to producer, and potential takeover interest.
So although we'd be giving up TPD's upside, at least the company we'd be getting shares in would be good quality, have a much more robust balance sheet, and have similar upside.

But it does seem like a bit of dirty pool by Strike (if the articles are true). Because by putting it about that the balance sheet is stretched, and a capital raising is imminent, it puts downward pressure on the price. On the positive side (in the near-term), takeover speculation should also put a floor under the price. More than likely it will simply track around 18 cents.