TXN 0.00% 58.0¢ texon petroleum ltd

If, big IF, is true (I have no idea):Hb bombr post:Dont get too...

  1. 886 Posts.
    If, big IF, is true (I have no idea):

    Hb bombr post:
    Dont get too excited
    1 SEA stock for two TXN held for EFS assets
    Remaining assets to go into TXN2 to list SP?? maybe $0.10

    This would value the EFS sale at around $100m, 245m TXN shares, divided by 2 times say 80c for SEA shares? Correct or am I missing something.

    This would value the acerage below $15k an acre, correct?

    Can someone confirm for me.

    By the way SEA is already in the ASX 300 and has hd a $100m debt facility previously approved which could still be open.
 
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