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0.00% 0.8¢ transerv energy limited

Speculator, post the last quarterly, they cashed in an equity...

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  1. marxist
    692 Posts.
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    17/03/16
    11:36
    Post #: 17298237
    Speculator, post the last quarterly, they cashed in an equity position this month boosting their cash position by $2.1m. See the ann below.

    http://www.transerv.com.au/wp-content/uploads/2016/03/2016-03-03-Share-Sale.pdf

    Dec 5B forcasts $385k for the Mar quarter.

    http://www.transerv.com.au/wp-content/uploads/2016/02/Appendix-5B-December-2015-Final.pdf

    ALCOA's carry until August should cover the clean-up of W4.

    BTW, any thoughts on whether they could re-enter W4, W5 or W6 and wedge a horizontal well?This would drastically reduce costs.
    Last edited by marxist: 17/03/16
    TSV Price at posting: 1.7¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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