TEG 0.00% 1.7¢ triangle energy (global) limited

23rd feb 2012, page-5

  1. 1,488 Posts.
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    The price actions is most likely the result of smaller "speculators" who were burnt in the earlier rises to 0.08 cents or the more recent rise in june last year to 0.06 capitulating.

    .....and our friend "frank" ex teg employee selling down his substantial allocation.

    I suggest that if your a long term buyer (like i am) you keep taking a nibble here and there when you can at these guys expense. Anything under 0.03 represents good value to me.

    The renewal will come through, eventually (we have been waiting for two years),The local government is pro business and pro Triangle energy.

    They (triangle) have made an incredible difference to the local peoples living standards over the past few years. These social factors should not be underestimate in the eyes of the government.

    Triangle has some good resources, a premium sale price and have proven so far in the locals eyes to be responsible corporate citizens.

    I believe we will see some substantial price movement this year.


 
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