RE: Hinky11 Mar 2015 13:43
LOL...though I would take the opportunity to add a few more gems from the 'classic TXO RNS' pile....
Every word on the TXO web page
June 28, 2013
"GBG has become established at Freeport with a collection barge and a site prepared for the installation of a hydrocarbon processing facility.
Although there have been delays in getting Barge Martha signed off as seaworthy and operational and in finalising plant design, due to the scale
of the expected business opportunity increasing substantially, we expect GBG to be profitable in the second half"
> second half? of the century?
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March 04, 2014
"We believe that GBG's prospects continue to improve and the capital received through this investment will further GBG's operational and strategic plans.
Other complementary investments have also been identified."
> Sounds like the fingers on the pulse then....??
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March 31, 2014
“We view the investments in GBG, ORS and OTR as having, revenue and profit generating capability in the current year and it remains our expectation
that during 2014 TXO will become cash self-sustaining”.
> errr...June 28, 2013
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ENCORE:
Highlights:
•GBG - enhanced and revised plan for hydrocarbon recovery plant finalised; Barge Martha operational
•Holding in GBG increased from 23% to 30.2%
•20% holding in Athabasca acquired
•US$1.676 million of equity raised during the period
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June 16, 2014
Athabasca Resources Limited ("ARL")
TXO, the AIM-quoted energy resource and clean technology investment company, announces that its investee company, Athabasca Resources Limited ("ARL"),
has appointed advisers for its proposed AIM Admission, which is planned for the end of September 2014.
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June 30, 2014
Tim Baldwin, Chairman of TXO Plc, commented:
“GBG and ORS have made significant progress in the last six months in projects in the Bahamas. Each of them is negotiating significant new contracts and these are expected to be both inside and outside the Bahamas.
“The Board is confident that TXO will become profitable in the next financial year.”
> wibble...(and a year ago...)
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September 30, 2014
Athabasca Resources Limited ("ARL")....again!
ARL has advised that it is still expecting a listing before the year end.
"We believe that the next quarter of the calendar year, being the new financial year for TXO, should reasonably conclude a number of the projects and joint
ventures outlined above and we expect to report progress accordingly."
> wibble wibble....
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"reduces the prospect of further share dilution" AHAHAHAHAHAAHAHAHAHAAHAHAHAHA
October 07, 2014
"This refinancing strengthens the balance sheet with parties that understand the business and our objectives in the Bahamas, where
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