the seller ...

Just my thoughts.

I've been watching recent sales carefully and figure the current seller could quite possibly be the underwriter of the recent rights issue. Makes sense to me ... sell the heads at a loss [13 - 11c] BUT have the 1:1 free attached option to sell which is currently trading between 3 - 3.5c making 14 - 14.5c heads and oppies totalled for 13c.

What does this mean for us plebs? We can expect more of the same for a while unless a really good announcement comes because the underwriter took up 6M shares and got 6M free options. This is unfortunate but does not distract from TEX’s prospects. Once Paterson’s have finished selling could we expect the share price to run quickly?

Once again, patience may be required, hard i know in the current market. Keep an eye on the volume of shares traded daily to get an idea when Paterson’s may have run out of shares to sell.

Good luck longs,

Perdy