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lootie

07/17/09 5:19 PM

#5861 RE: Sam Dan #5849

Just adding to your points Sam.
The move initially did not make sense to me.Picacho was considered a prime property so why would TRGD dispose of it?
A fact:TRGD still will be able to attribute 82% of Picacho to itself,via the TARM holding.Not a big loss-18%.So,if Picacho looked good and added value,TRGD still gets added value.

The beauty of the move,as I speculate ,is this,TARM gets a revaluation on good news from Picacho.

The possible share price gains, both TRGD and TARM get ,when Picacho has any good news.A double up.