My assumption for triple is around 50% market cap of bsp to be conservative. BSP is around 1 Billion and they have a slower steady growth with a pe of 212, I am sure that will come down when they start getting gas from triple and on sale or distribute.
50% of bsp's market cap is 500m. I am assuming around 2.5b shares, we will end up around 1.7b shares after issuing bsp's shares which will probably require another vote which I will vote in favour anyway. That leaves us around 800m shares to play with. Some for buying projects, some for cap raising. I would think they would wanna drive the sp as high as possible before they do another cap raising which is probably going to be a significant one ie 20m or more. Its anyone's case what price they may raise at but it wont surprise me if they do it at 5-7c or above. They have the buying power there and the story is a good solid one. We can safely say triple will never go bankrupt cos bsp is around.
This is all based on what I have read about bsp and how they do their stuff.
TNP Price at posting:
1.4¢ Sentiment: None Disclosure: Held
