I just can’t believe what is going on with this company,
1. Walyering delay that nobody can explain and that shareholders are not jumping up and down about this - even Colby told his mate Tui that gas would be flowing in 2 weeks by the June 30 deadline!! 2. rejected a decent offer where we all still participate in the upside of all projects and it seems it’s over a $6m forward payment so the TPD can still chase after future opportunities, this makes no sense. 3. The June 30 $9m cash balance that is clearly an overhang for the company now (which ever way you think the debt/CR position is, the market needs to know) which management have decided not to inform SH about. 4. People throwing out demerger $$ costs that are just ridiculous, I think people forget (or they just dont know and pretend to understand this industry) how Talon was even born, it was demerger from Texon Petroleum an age ago, the demerger did not cost the company anywhere near the $$ some people are saying.
Are we all just seriously going to sit here and hope that cash flow starts coming in without trying to hold Colby to account, maybe not for the delay but for the way that he is treating his shareholders by keeping us in the dark!
I don’t think TPD is expecting any cashflow till 2Q 2024!
TPD Price at posting:
17.0¢ Sentiment: Hold Disclosure: Held
