A little PR will be needed quickly as they only have 6 months to get the SP above 10c to get the unlisted options live and collect the $4m. If they allow them to lapse then another fund raising will be necessary and the company may find it a little more difficult to find willing supporters as the last 2 fund raising hasn't done much to the SP.
All these delays are not helpful, but we cannot do anything about, them so get another well or 2 on the go as forecast earlier, even if it means a small loan is required but do something. Drill 2 wells now on borrowed money share price rises above 10c. options live 4m. in the kitty repay loan and by then income neally covers future development.
- Forums
- ASX - By Stock
- TEX
- go tex go
go tex go, page-5
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TEX (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online