Made a few changes in the code:
1. your file is tab-delimited, so I changed te paramater after the opentext method to tab:=true
2. After saving the file as an xlsx-file it has to be closed obviously... my bad
The code can be placed in a xlsm-file. Select the sheet with the target-directory in cell A1. Right-click on the sheet tab, click on add code and paste the code.
Run the code while the sheet with the target-directory is selected by pressing [alt]+[F8] or create an object to which you connect the macro.
See attached file for an example.
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Good luck
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