TXP did a placing last week and gave a massive discount of 6 % . Should we need a placing it doesent mean shares will be given away at a big discount? A penny here or there wont matter .....once rig contract is announced... and once the drill is onsite we will be north of 30p!
Its been a long hard 12 weeks since 14th September RNS delay on the rig. But we are nearly there for an annoucement on the rig. The earliest it would become available was 14th Dec. And today is Sunday 10th
David Sefton is managing partner of linton capital . So he is no mug. He will know its best to do a placing in the 30s or 40s.
Jim88 have you bought any yet ?
Looking for my 1st buy here. But with lack of volume and people getting bored..and people still banking profits when they bought in the 8s hoping for low 10s ?
327 million wiped of the share price for a drop of 1.2% sales decrease. Anyone know what 1.2% equates to in money? Let's remember corporation tax was reduced in April this year from 20 - 19%.
Way over sold.