Pilot Trading Halt, page-23

Wash your mouth out @oliey456 . Never a downramper. What I am trying to figure out is whether TEG is going to raise or not.

Yes, TEG has a $2m exposure, yes they have $8m in the bank, so net $6m. They have cash so why raise? For the exact same reason they raised in July before Booth. Then they had $5m in the bank but still chose to raise another $4m in case Booth was a duster. (worth remembering the raise was only necessary as the PGY transaction didn't complete)

Is history about to repeat itself? IMO the worst thing TEG could do is another raise and then drill Becos. I would much rather TEG waited until they receive funds from PGY, then be funded to drill Becos. What would you want TEG to do in the same situation, raise or wait for PGY funds?

The second question then is what is the TEG board going to do? Will they consider existing SH's and delay instead of dilute? Or will they consider the ongoing global expansion of Triangle Energy Global more important and just raise and drill?