I dont understand the rationale behind this cap raising. Why does a cash positive co. with a current plan in place, slowly building capital need to raise a fairly small amount?
There is new revenue to flow from snapper and we have more planned drilling in place in the immediate and coming months.
You would think by the way TEX sold itself during the BLAZE cash grab that we were in a very solid position.
Not so!
Well a slap in the face this morning with a 20% drop in our shares.
I'd like to know more about how, when and where this money will be spent. Tony D should know......Tony?
- Forums
- ASX - By Stock
- TEX
- Ann: Capital Raising
Ann: Capital Raising , page-8
-
-
- There are more pages in this discussion • 17 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
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online