Don't like to say it Q - but us "down rampers" have been pretty spot on so far. As I said before - that $0.09 bid is looking pretty enticing for someone "in the black". Obviously - this will get some support around that level given that was the last CR price. Talk of 2,000bopd is fantasy without significant investment (otherwise would have been done already!) With no money - you can't invest - simple equation. After breaking through $0.09, I can see this settling at $0.04-$0.06 over the next few months unless news comes out to justify a higher price (i.e. $10M+/- market cap seems about right to me). IMHO - that news can only be a significant CR to fund whatever new investment is needed. TEG has not (and with admin costs sky high) ever made a cash profit since buying CH - so talk of $2.3M this quarter (on lower production) is also fanciful. GLTAH
Ann: DJ Carmichael Updates Research on Triangle Energy, page-40
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Last
0.7¢ |
Change
0.001(16.7%) |
Mkt cap ! $14.56M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.8¢ | 0.6¢ | $365.7K | 52.34M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 32 | 19243591 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 3081557 | 4 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| TEG (ASX) Chart |