TXN 0.00% 58.0¢ texon petroleum ltd

they just can't get it right, page-10

  1. 640 Posts.
    then on the next page 39 of the demerger doc there is a balance sheet

    bottom line = $26.7m of Equity in Talon

    compare that with the 100m shares and Talon has a "theoretical" or "book" value (don't lynch me ...) of 26.7c per share using the 2 for 5 capital reduction

    That equates to $0.10 of theoretical value in a current Texon share when the market is giving it $0.01.
 
watchlist Created with Sketch. Add TXN (ASX) to my watchlist

Currently unlisted public company.

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