TXN
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0.00% 58.0¢ texon petroleum ltd

Does TXN have a loan facility that can be used for drilling...

  1. sushi1
    6,389 Posts.
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    11/11/12
    10:41
    Post #: 10983943
    Does TXN have a loan facility that can be used for drilling wells?

    If not, I'd guess that the company will need money in the near future in order to complete its announced drill program and that can only come from issuing shares.

    Maybe selling before the upcoming dilution?
    TXN Price at posting: 35.5¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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