TEX target energy limited

Bit of a worry that we are actively seeing trades in reasonable...

  1. 1,483 Posts.
    lightbulb Created with Sketch. 94
    Bit of a worry that we are actively seeing trades in reasonable numbers (above average) at below the offer price of the capital raising. Efforts by management to give the price a boost have failed ( comparative average Permian Basin acre value and flow rates update). On the second last day before the offer closes you can by two pips lower!

    Any thoughts on the movements over the next two months after the raising? The numbers from the Permian Basin merger info seem to be pretty solid and the discrepancy between $8k an acre versus over $30k leaves plenty of room for movement yet no market interest at all.

    Perhaps once the cap raising is out of the way we can move on with further flow rates, appointment of the sale consultant and a bit of a recovery in the oil price over the northern hemisphere winter.

    TTB
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.