Investmet & Delta Resources who also participated in last weeks raising is also owned by several Investmet/Pegusus Metals & Northern Star Resource's Directors which have never sold a share in any of there previous participated capital raisings and considering their link to Target Energy is through the Chairman Chris Rowe who is also a NST director I think it would be highly unlikely that they would be gifted shares at 3 cents and then dump them knowing their friend/colleague is the chairman.
Investmet and Delta Resources are sitting on massive gains in Pegusus Metals and Northern Star Resources in the 10's of millions so I would envisage they would reduce their holding in the previous two companies before TEX.
TEX has many months of solid potential gains ahead of it and these guys dont invest for a quick buck. Long term strategic investment has been Investmet's/Delta Resource's proven strategy previously.
sell off, page-4
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