I'm with you on this one @redrooster .
When the deal was done I would have been happy to just be able to walk away from the CH liability which was an anchor on TEG. The fact that CT was able to negotiate a $15m break payment which is now starting to payout is an excellent outcome.
What is your thoughts on the last CH payment? TEG has been plowing the profits from the each offload into opex for the next one. We should get one last payment for the last offload which is due in July.
The last shipment in April generated about $6m for TEG. TEG should get a nice final cash injection from the last offload due in July. Nice chunk of change to pay our way on the 3rd drill.
I'm with you on this one @redrooster .When the deal was...
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Last
2.1¢ |
Change
0.001(5.00%) |
Mkt cap ! $38.08M | |||
| Open | High | Low | Value | Volume |
| 2.0¢ | 2.1¢ | 2.0¢ | $80.74K | 4.022M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1240000 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 1468545 | 9 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| TEG (ASX) Chart |