What are you asking?
Should they have gone in with 1 JV only?
Should the split been 67/33?
I think it's an interesting play to hold 50 and let the 2 others hold 25 each.
TEG were between a rock and hard place. The cash flow wasn't really paying its way from CH, and now the PGY deal is at least signed away outgoings should drop considerably.
Now we need that rotary lie detector and hopefully it shows similar to LD1 to its east.
Block A as it was called in NWE days definitely had potential, so they obviously saw something, and with the 3D I hope it's probable to get a good if not excellent result.
Should be approx a month from now and it'll be drilling
Good Luck
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.267M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $688 | 229.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 7985787 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 14080734 | 14 |
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| Last trade - 11.01am 07/08/2025 (20 minute delay) ? |
| TEG (ASX) Chart |