We're talking about the EFS here...we're not talking about uranium or whatever is on the noses. We're talking about the most prized shale land in all the US. AUT had money and said they were looking to acquire, EKA was vulnerable, guess what happened. AUT still has money and I would hope is still looking to acquire. (as all good companies with growth are always looking to do). TXN is looking for a sale. Tell me what will happen next in this story? (and if it's not AUT, i can assure you someone else finds this land attractive). These transactions however, do take time.
I don't mind the mums and daddies being confused and selling this down. When they sell, I buy, and vice versa. Those 209k shares on offer at 0.355c that came today is not how the big boys play for selling, unless they want to hold the price down for buying. That amount is only $75k worth, and has been foolishly chasing the price down today rather than dumping. they missed several opportunities to sell today. So to me that's either a single nervous nelly or a buyer trying to put up a wall.
IMO, GL, it's certainly an interesting time, and I'm actually a little excited lol!
TXN Price at posting:
34.5¢ Sentiment: LT Buy Disclosure: Held