TXN 0.00% 58.0¢ texon petroleum ltd

wilcox coolangatta, page-40

  1. LSM
    1,251 Posts.
    Conversely, you could say that management did us a favour.

    If you have a long term out look and spare cash then they are gifting you more shares at cheaper prices. I think the price would of came off anyhow (how much more due to spp!?) as the market is generally weak and we wouldn't of maintained momentum.

    The coy is cashed up and has some great prospects that will take time to exploit. So I see current weakness over the medium term buying opportunities...but I am not rushing as I think we have further downside which will create greater profits in the long term for the lucky few that have cash on hand.

    Cheaper prices = greater profits (long term)



 
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