The $6.5 mill from the sale of Gas shares will hasten all the developments that TEG has in the Perth Basin.
No it won't. The delay is getting the permits and finding the right drilling rig - there's a queue you don't get to jump a spot because you have cash - I presume that every one in the queue has the the funds to further their plans
The current `SP doesn't even reflect the cash we currently hold so what impact is having another $6.5m going to have on the SP?
Next we will be told the BOD has put the $$$ in a 12 month term deposit earning 2%
Ann: Triangle Monetises State Gas Shares, page-19
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