TEX target energy limited
Add to My Watchlist 0.00% ! 8.0¢

Hi Texans,Anyone who is not convinced that the Blaze offer for...

  1. tonydawe
    202 Posts.
    clock Created with Sketch.
    01/05/09
    19:59
    Post #: 5081629
    Hi Texans,

    Anyone who is not convinced that the Blaze offer for TEX is nothing more than a "cash grab", need look no further than Advance's March Q report.

    At the beginning of the Quarter, Advance had $2.4 million in cash.

    At the end of the Quarter, Advance has $916,000 in cash and a working capital deficiency in excess of $5million.

    Does this mean AVD is technically insolvent?


    TEX Price at posting: 4.1¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

NEWS Southern Silver Exploration: Unlocking value at Cerro Las Minitas amid rising metal prices
right-arrow Created with Sketch.
NEWS High-grade silver intercepts confirmed at Kempfield Project
right-arrow Created with Sketch.
NEWS Explore the latest ASX Market News
right-arrow Created with Sketch.
NEWS Listen: HotCopper Wire Podcast 025 – Locksley rap video gives Hilltop Hoods run for money
right-arrow Created with Sketch.
NEWS ANSTO continuous piloting confirms exceptional rare earth recoveries
right-arrow Created with Sketch.
AII Becoming the largest conflict-free tungsten supplier in the world
right-arrow Created with Sketch.
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.
Add to My Watchlist

Currently unlisted public company.

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