yep, a bit of a surprise re WA-351-P but they had their free carry and obviously decided that it was enough for them. Too expensive for a company of TAP's size, methinks.
Other interesting point in the quarterly was $108.1 million in cash.
I'll hazard a guess that Zola is worth $40-50 mill and say $20-25 mill for Tallaganda lease.
Add up cash and those sort of values and TAP is worth a lot more than the market cap.
They have obviously decided to focus on Manora - production and cheap exploration opportunities, with Ghana and the unconventional Carnarvon leases as the 'wildcards'.
Good focus and another master stroke by Troy who hasn't put a foot wrong yet.
If WPL was interested in Zola and Tallaganda, they may as well just swallow up the company rather than buy them separately ....... just imho, but something to consider.
TAP Price at posting:
63.5¢ Sentiment: ST Buy Disclosure: Held
