TPD 0.00% 21.0¢ talon energy ltd

Because they need to prioritise the longevity of the company and...

  1. 203 Posts.
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    Because they need to prioritise the longevity of the company and it's projects.

    Were you planning on selling at 1.1c or 1.2c? If not, the minute fluctuations are immaterial. Imagine if the Walyering results were subpar and the price had dropped back to 0.7c or 0.6c, they would still have required a cap raise to fund ongoing works but now we'd be absolutely S.O.L and the SPP would be far lower.

    It was a smart move by management to bang it out at 1c while the SP was stalling and the market is red. Now we're cashed up, we have incredible prospects on the horizon and we're in a very comfortable position all things considered.
 
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Currently unlisted public company.

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