TEG

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2.1¢ triangle energy (global) limited

You have to throw Mitsui in the mix there somewhere Slip.I know...

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07/03/24

11:12

Post #: 72789729
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Originally posted by SlipPick: ↑

I have said before (if the drill connects) that l hoped we would hit 30 cents before takeover occurred, but l doubt we would be allowed to get that far by ruthless big players in the PB that would sell their own families for a couple of bucks if they thought their was a dollar profit in it.

The issues on the table from my point of view now are several,

1/ Every time TEG or CT have an announcement or presentation it sounds like we are already hanging out the for sale sign, l get it that all businesses are for sale, but l would like to see this play out a lot more if possible and don't like the come get us mentality l'm seeing like big fish eating little fish and several other examples recently.

2/ STX have big issues at the last drill and the price dived hard as a result, once their VWAP hits 21 cents (around March 26) which is what its being held to by bots etc atm blind Freddy can see they are right in the firing line themselves and if that takeover happened could TEG be involved that deal? it would make some sense as STX drilling issues didn't have 2D and TEG have good looking 3D seismic already done, so Booth in L7 must look really bloody good to them or others right now, and only a 30 mill MC!

3/ MINs EP438 land is bordered by L7 and more important than that the Booth drill 3D seismic covers across both MIN and TEG ground there and it's not all that far, (l think around 9K) from the MIN Lockyer success, so again that must look really tempting, and if a successful do you think MIN will just let us play in that dirt in their face unchallenged... then l have some swamp land to sell you by the sea down at Frankston.. .

4/ At the end of the day as we have seen with NWE and TPD Boards they didn't have spine for the fight and folded quickly, there are names for people like that but this is a PG platform, so if CT and board get plumb jobs in the offering and say 5 cents offer in the mix for their millions and millions of shares you can't rule out a quick sell out sadly.

5/ If STX gets taken out that leaves little old us as the only minnow in the PB but with probably the best looking 3D dirt there for mine, that wont be allowed to stand for long either way, but again l hope 30 cents is attained before that happens..(again..if we hit gas at Booth)

We are all hoping TEGs "plan" including the recent CR is actually on track and we see 4 and 5 cents soon on promised first half 2024 announcements, only the UK second license has come through so far and a rig booking or NOPTA puts us back on track, but also back on track to be taken over, it's interesting times and hope our board has the stomach for the fight, because it is coming on some level.

Think the next 2 months will tell a lot for TEG..

just one Mans thoughts!

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You have to throw Mitsui in the mix there somewhere Slip.
I know they have seen a structure within our permits that they are very keen on.
Like a cunning fox they will lurk in the background and watch proceedings hoping to see the result of drill 1, drilled by TEG, with MikeC being so keen on our permits, I'M sure that Mitsui will act accordingly, whatever scenario - but only my opinion.
I have a face to face meeting booked with CT tomorrow, I don't get the delay on CCS final approval and will try to get some answers.
SP price totally sucks, but as we know plenty action to happen soon at TEG so we keep the faith.
Will post back with any news.
GO TEG

TEG Price at posting: 1.8¢ Sentiment: Buy Disclosure: Held
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You have to throw Mitsui in the mix there somewhere Slip.I know...

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