Txo28 Feb 2015 21:55
Tim Baldwin, Chairman and CEO of TXO, commented:
"With all investee companies in negotiations regarding additional investment and / or new contracts we expect to be a position to make further announcements shortly.
"TXO has had to revise its expectations for when it may expect dividends to be returned from GBG to later this year. However, the "size of the prize" gets bigger. TXO is greatly encouraged by the fact that GBG and all other investee companies continue to make excellent progress. We remain confident that with the further investment being offered to the investee companies as detailed above, TXO will meet its targets for the financial year."
Shareholders who sold out at a loss are very worried now because when this resumes trading , this will easilly hit 0.10 p.