Acquisition going ahead binding paperwork soon to be completed. IMO within 4-6 weeks will SP be 20c or 20c+ prior to next cap raising.
With estimated EBIT of $9M next year even if we issue 50M more shares say at 20c to raise the $10M for this coming acquisition, total will be 200M shares on issue.
With 10x earning of EBIT of $9M (rough estimate of market cap, IMO) will mean Market Cap $90M share price with $90M MC Cap is 45c.
I can see this happening within a year without a issue.
I will be buying more next week if price remains around 16c mark.
I am very bullish on TPP for the longer term being 6 months to 3 years+.
I hold, DYOR.
TPP Price at posting:
15.0¢ Sentiment: LT Buy Disclosure: Held