I would not worry too much about about trades below the CR price...

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Grajem12

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11/11/14

09:55

Post #: 14267576
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Originally posted by tedthebear ↑

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

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I would not worry too much about about trades below the CR price yesterday (I actually topped up myself rather than take up rights). Post CR and hopefully with oil price stable or rising we will see TEX market cap appreciate. You can see that otherwise this stock is tightly held, yes some sellers, but not major. Fairway sale into 2015 will bring back interest in stock

TEX Price at posting: 4.1¢ Sentiment: Buy Disclosure: Held
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I would not worry too much about about trades below the CR price...

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