TXN 0.00% 58.0¢ texon petroleum ltd

merger details out, page-26

  1. 17,783 Posts.
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    recko imo I think this lot will burn through that cash, I am only banking on half that number (ie $8mil)

    The more I look at, it the more I cannot ascribe immediate value to Talon.

    However chatting to my accountant mate, he believes I would be better served with a lower, up front, evaluation assigned to Talon shares. Which means true value would be realised post the transaction date.

    The realised value would take x amount of time and would need management to sell the story hard to the investment community.

    LoL and we all know our track record in that arena.

    I am concerned that the new entity (Talon) will not have sufficient cash to start its new life.

    AgentM, Very keen to get your thoughts.

 
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