TXN 0.00% 58.0¢ texon petroleum ltd

aut possible takeover, page-4

  1. 338 Posts.

    Being a shareholder of AUT I would expect that if an offer was tabled, it would be as low as possible.

    I don't like to say this. But, 27c, technically looks the next level of resistance after the 39c level was broken last week. Hopefully we overshot 39c a bit and are in the process of a bounce from that level

    If AUT's TO of EKA is anything to go by, AUT may use 27c as a base. Hence,33% premium from 27c would give 33c as an intial offer.

    As a TXN holder I would be pissed off.

    So I hope any talk of a TO is just that, "talk"


 
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