TXN 0.00% 58.0¢ texon petroleum ltd

demerger - more than a gleam in the eye, page-12

  1. 463 Posts.
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    I think a few people have thrown the baby out with the bath water, really what has changed other than they are taking the time. Sure they might not be the best corporate transaction board out thier but I bought in because these guys know how to find oil. Over the last few days has the oil flowing from our rigs dried up? Did they say that no one was interested and the assets couldn't be sold and they were worthless and time to start over? Really doesn't matter if it takes a few more months to go through. Many here are harping on that it is not a quick sell. In my own humble experience the only way to sell anything quickly is to sell it cheaply. If you want a premium price you have to be prepared to wait . So that means you don't actually have to have the money for the sell for something else. Let's check, Txn bank account is positive and oil is flowing so no Need for a fire sell here. Happy to sit and wait and watch what happens, Txn is one of my biggest holdings and I took the opportunity to grab a few more yesterday. But for every investor dyor and everyone's timelines are different so I can understand how short term traders are frustrated.
 
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