ok
Heres the thing
TEG retains 10% of State gas shares
That’s 24 million shares
If Gas goes to $3 that’s $72 million
The $6.5 mill from the sale of Gas shares will hasten all the developments that TEG has in the Perth Basin..
It’s difficult to sell 24 million shares in Gas on market
Teg is selling down one asset to move on multiple fronts to enhance shareholder value..
Itsa: In my opinion it’s a smart move$$$
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Ann: Triangle Monetises State Gas Shares, page-8
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0.8¢ |
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Mkt cap ! $16.64M | |||
| Open | High | Low | Value | Volume |
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