TEX target energy limited

For me it needs to be around 1000% for any where near break...

  1. 1,269 Posts.
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    For me it needs to be around 1000% for any where near break even. Bought in many years ago with this junior oil producer showing great promise.

    I am not interested in buying back in to average down cost of entry, unless clear evidence of debt mostly gone (CN holders in the main) and some worthwhile assets remaining.

    Holders need to await the $ return from sale of Fairway assets, resultant net debt position and go forward plans for the company. My main concern is that after Fairway goes, and primary creditors are paid out, that all that is left is a shell with little to show for it. I suspect also a potential consolidation, say 500 to 1, to give share price some meaning with very small shares on issue. However, TEX is still worth a watch and review. DYOR
 
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