RE: TXP24 Jul 2025 16:41
tell me sirrampalot what is happening next week for it to get exciting? also, in the long list of things you've stated as great for new shareholders, you've neglected to outline what happens if we don't get an amendment to the loan terms. you've also neglected to mention we have an incompetent, lying ceo who has not only f@cked things up and bull****ted the market over a number of years, but has deliberately omitted and misled the market on the fundraise and loan terms. and, it took calamity baay over 6 months to finalise a very simple, straightforward deal, which resulted in a last minute raise with bucket shops for a huge stake in the company. please keep in mind this was the raise that he said we don't need, and that he wouldn't do. and according to baay, the bank didn't ask for the raise, and is only for accelerating development. how many lies have you counted in those last sentences from baay...?
so cut the bull****. the share price is pegged to the low - mid teens until we get news on a loan agreement to remove an $18m equity component!!!, or the missing funds materialise. i don't think anyone here is expecting the funds to materialise because baay raised with bucket shops. this leaves the loan terms. and he took over 6 months to f@ck things up the first time. the loan agreement not being changed means a raise for an exorbitant amount of cash in the very low teens and a share price that won't regain 20p for more than a year. and that would still require txp to execute wrt development, which is something they have failed to do to date.
the above are the reasons why you and your mates have failed to get us over 15p, and why the sp will drift in a 13-15p range until we hear news on the loan terms. even the successful drilling and hook-up of casc 4 & 5 (in 6 weeks minimum) won't get us past 20p. if calamity baay thinks he can wait for these wells to be drilled and raise again at 20.5p he is sorely mistaken. but baay is a h@lfwitted bull****artist who doesn't know his @sshole from his elbow, so no doubt is planning something like this, rather than sorting the loan terms the bank didn't ask for.
folks here need to wake up and send notes to baay to tell him that another raise is not an option. based on everything he has said to date, it should be an easy thing for him to do, and the best thing for shareholders. the only other acceptable avenue is a non-dilutive raise through an offtake agreement, or some other financial instrument that will settle the terms. the only reason why the bank would be unwilling to change the terms given everything that has transpired is because they have no trust in baay and his team to repay the loan. that in itself says something. simple fixes, unless baay has been lying about everything.