The sell side at 2m odd is nothing unusual. Looks more to me that with the rest of the industry running hot for the last couple of weeks - no one is looking. There doesn't seem to be any new buyers popping up this morning.
With the inclusion in the ASX300 on Thursday? + a couple of days for that new reserves numbers to sink in I still think the rest of the week will be solid.
However I'm starting to suspect we're just going to have to wait for either 1) an EFS sale notification or 2) if a suitor is going to go after the EFS for $200+m ... why wouldn't they try to get the WHOLE company for less than that? ie a Takeover bid at $0.80 is a 27% premium from the current share price. Not as attractive as a $1+ share for an EFS sale but would still make the current price look under valued.
TXN Price at posting:
63.0¢ Sentiment: Buy Disclosure: Held
