Touchstone Exploration Takeover Rumours (TXP)


Touchstone Exploration Chart

Touchstone Exploration Takeover Price

Touchstone Exploration Takeover Forum Posts

Thanks Pro - I think many shareholders would completely agree and back that stance. I presume any takeover would need 75% majority… which means PIs need to pull together 52 million shares between them to defend that 25% position. If you assumed the board defend that position with their own share holding, it would be interesting to see if the LTH PI’s have enough shareholding to block any hostile bid ?
Pro-S .... superb explanation, and Thank-you so very much for the detailed points you have made. I finally understand the reason(s) for price suppression. For so long and on so many Companies , the mantra of reducing Debt has been of over-riding concern and perhaps somewhat justifiably in several circumstances, but this is the first time, I have seen a reasoned explanation for involving Debt to thwart, while protecting the Company against hostile Takeover manoevering. Sure do hope that You have Baay's ear and that you've already an idea as to who the Judas on the Board may be. This is going to be very interesting!
Hopefully no need for any Shell takeover, this is cheap exploration and there's hopefully a long successful story infront of us with the Ortoire, following this amazing 'opening quarter' through the pandemic. I believe PB has delivered an will continue to deliver as we expand. Massive thanks to Xavier Moonan too, proving he's more than capable in his role with the detailed Twitter posts with the analysis of his work ":^)"Opening quarter" been from the initial coho strike to where we are now.Might be opening eighth...Might be opening 16th...
tb8, Maybe the ‘reverse takeover transaction’ confused you? Buffy
Maybe Paul sees the need to "spread his wings" a little - perhaps once Phase 1 Exploration is completed with Royston and so with it the Ortoire license requirements are legally completed perfectly (and so the license has 0% risk attached) he may be crystal ball glazing and see a big Shell coming at him hard and fast. Perhaps thats why the focus is short term on cash flow, production drilling and not a lot more exploration (Kraken et al pushed into the distance)......that big Shell might be coming in soon........and with TXP being sold off he will need a new challenge.......... Just another way of looking at it. Post Royston there will be a hole.....a hole where a takeover could happen. It wont happen before Royston, and it wont happen when the wall of cash is incoming - but it could happen in that lull period.....from August to December imo.
TXP 105.4, +6.5%. What is going on? Chinook good after all? Takeover bid?
Wow, people can’t wait to exit this stock at year lows.Wonder where they are getting a better risk/reward for their investment.Maybe a takeover at 30% premium will happen next....just below year highs - I don’t think we have much defence mechanism when people are rushing to the exit every day.
Its been interesting some people "disappointed" seeing Kraken move to "late 2022". Not for me, I see that as leaving a very big "sweetener" to a takeover deal......something "big" left in the bag for the purchaser of TXP. Thats the way I look at it, that big mystery that justifies the higher than average purchase price. I still think that 2022 will see TXP taken out. Once the main infrastructure in place and the cash starts piling in, becomes very easy to justify a bigger entity buying the company.
... thebull8 ....''Not sure how you suggest they can force more institutional investors to buy?''... ... its true that we're in the fortunate position that TXP doesn't need a placing. It's cashed up, and a 'wall of cash' will soon be inbound ... if a takeover bid doesn't arrive before the end of year, then IMO TXP will move to the main market. Many big institutional investors will not look at AIM stock. Once on the main market they will be very interested.
HBR - the only talk of a takeover was some wishful thinking on here by a few people who seemed very keen to sell the company down the river before true value is reached. Let's get it to £1 billion market cap before we talk about a sell out.
In H1 2022 we should see Kraken, Cascadura DeepDeep and Chinook Deep all drilled. I hope they get to drill all three and those if they all come in could offer 2 or 3 TCF of upside (which is 4.4 to 6.6 billion dollars of gas with the NGC deal). Will they ? And by that I mean will a hostile take over offer come in before they can drill them ? I hope they can but any hostile takeover offer will be timed before "too much" can be proven by the drill bit. For me I see a takeover offer either post Royston/Steelhead, or post Kraken............certainly before the Deep Casca and Chinook wells in 2022 imo.
David - perhaps re takeover - but if not we have to look (quite happily) at this being a dividend play? I would get listed where it will provide the most CGT uplift if I were PB, regardless of "other issues" if that were the case? Just my opinion, only my musings and, an irrelevance to the more important issues of (hopefully imminent) test results? Best of luck all.
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