RE:Big dilution coming. Glad I sold? Or big mistake selling? In your previous posts you were pretty sure TPL will go up to .10 or 13 CAD Now you are saying dilution is coming :) ..... in .03 and out 0.035 :) ?????
You strategy is simple .. you want the SP to go back to .025 or 0.03 to buy again and make another profit ..
My advise to all people in this board is ..Do your DD before to invest.
Pope Asset declined .14 cent offer to accept the dilution and an SP with .02 or .03?????
To be the second major shareholder after Oilsol ? with no control ?
Olisol with 10 % more can take TPL to private.
At the end, Olisol deal is still not approved by TSX neither by shareholders ? like Nostrum offer could be declined by Pope Asset and we will see another scenario. Be patient guys.
TPL assets : 260 millions
Debt : 100 millions
Net value : 160 millions
50 % assets discount (net value / 2 ) = 80 millions
80 / 604 (total share) = 0.13 $ per share.