TEG 16.7% 0.7¢ triangle energy (global) limited

teg gets cornerstone investor, page-27

  1. 22,268 Posts.
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    Bitzer and others, why I went a bit over the top re my idea on where TEG's SP will be during 2012 is the fact that Standard Chartered with their recent investment of up to $10 million would leave it with a bit over 18% of the company if the full investment is made.
    That makes room for FUTURE investments very tight, unless there is a further dilution by an alternative CR (IMO MOST unlikely) or a significant increase in the market cap i.e. the SP.
    You would think that Standard Chartered would have been most aware of that and would not have invested $10 million knowing that any further investments would more than threaten the 20% takeover rule.
    So, where does TEG get its funds from IF it was to be successful in the EXXON tender? You would not think that that is going to come cheaply, UNLESS, there is little competition in what really is a specialized area that might only be "valuable" to an established company like TEG??!!
    But, additional funding will be necessary, somehow.
    That's why I consider that the TEG management's number one priority will be to get that SP up as far as and as quickly as possible to allow further room for the Standard Chartered people to continue to participate and Standard Chartered would be fully aware of that "potential."
    All good for TEG SHs.
 
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