RE: EGM to remove Paul Baay26 Oct 2025 11:12
Mbarnholdt,
I hope this is of help. It may/may not be.
You will not get your money back. Especially if average at the price you suggested.
I would moot that anyone over 25p should consider their b/e will not be attained. My opinion. Baay is incompetent geologically and in corporate matters and shareholders are dispensible to him. Not sure if new board member will make any difference or not.
You could average down hugely by buying in the Placing offer at 11p. Or just buy at your leisure, as the price may go below and certainly won’t rise hugely.
Otherwise you will just have to tolerste the loss or crystallize it.
I have known Txp since Alberta drilling days in 2013 and their whole transfer to T and T. Baay has destroyed shareholder value and ‘lied’ repeatedly and consistently. He has destroyed trust and the company itself, much as Trin was destroyed by incompetence after the highly competent Bruce D died suddenly.
So it’s hold and get a bit back ( certainly imo no more than 25p due to steep production decline, constant need for cash, debt, and a corrupt CEO.
Or lower average to below 30p and take a loss one day.
Or cash in.
Personal choice.
And a hard one.
I bought here at £1.20. Sold much and am no longer the financially comfortable person I was having let myself be conned by Pog, Ncyt, Trin and maddively by the fictional pharma 4D with no product!! My gullibility? Couldn’t make it up.
No longer gullible. PB is NEVER to be trusted, and needs to becousted. His salary takes almost 1/6 of the Placing!! But he may stay in place.
So escape from Txp is the goal, and to minimise losses. How you decide to do that? The above perhaps.
If this is of no help, I appreciate that.