TEG

6.67%

1.6¢ triangle energy (global) limited

Ann: Triangle Sells Cliff Head to Pilot Energy, page-32

First 32 Last

Share
Profile

Follow
Sharetrader78

12,903 Posts.

1849

27/07/23

16:12

Post #: 69018808
Share

Originally posted by Mitchdon: ↑

Hi @AM27

I threw some basic numbers together. It is a great deal for us as well as potentially Pilot.

This to me is another classic move by CT and TEG. @egosbar made another thread with regard to the management team at TEG and this announcement is a great example. The TEG team are downside focussed, opportunity focused and results driven. If you look at the 3 biggest moves they have made since coming in board.

1. Port of Geraldton route- after losing Kwinana for the second time TEG was on a fast path to nowhere, producing a product they had no offtake for. They were on the edge. CT and the team established, proved and have successfully run an export route via Geraldton. It has had 2 major positives, keeping Cliffhead producing and delaying decomm. and also providing some cahflow to TEG.

2. Sale of GAS shares- heavily criticized at the time the sale of GAS shares gave us the cash to move forward with direct projects. GAS shares could have gone either way at the time but they moved down which made the move even better.

3. Farm out of L7/EP437- after settling the sale of Key's 50% interest in L7/EP437 for $1.1m (Sept 22) TEG then farmed that interest back out NZO and TPD for $20m (Dec./Jan.)

IMO the exit from the CCS transaction could well be move number 4.

Expand

Yes was always the smart move to distance TEG from CLIFF HEAD ... all round great way out and with some nice payments

TEG Price at posting: 1.9¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

GRX

GreenX picks up prospective copper project in Germany

MGU

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Is oil undervalued?

DVP

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

VMT

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

BOE

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

NXG

Cost blow-out for Rook I uranium project sees share plummet for NexGen

VMS

Venture to sniff out high-grade REE targets at Jupiter project, WA

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

WGX

Westgold sets its sights on top five producer status through merger with Karora

There are more pages in this discussion • 34 more messages in this thread...

First 32 Last

Add TEG (ASX) to my watchlist

(20min delay)
Last 1.6¢		Change 0.001(6.67%)		Mkt cap ! $29.01M

Open	High	Low	Value	Volume
1.5¢	1.7¢	1.5¢	$413.2K	26.27M

Buyers (Bids)

No.	Vol.	Price($)
7	6324895	1.5¢

Sellers (Offers)

Price($)	Vol.	No.
1.6¢	1418333	2

View Market Depth

No.	Vol.	Price($)
7	6324895	0.015
28	36141160	0.014
19	11813589	0.013
7	4476633	0.012
11	1459032	0.011

Price($)	Vol.	No.
0.016	1418333	2
0.017	9997275	1
0.018	11027894	5
0.019	11085000	4
0.020	3482148	6

Last trade - 16.10pm 02/08/2024 (20 minute delay)

TEG (ASX) Chart

Ann: Triangle Sells Cliff Head to Pilot Energy, page-32

GreenX picks up prospective copper project in Germany

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Is oil undervalued?

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Venture to sniff out high-grade REE targets at Jupiter project, WA

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Westgold sets its sights on top five producer status through merger with Karora

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Triangle Sells Cliff Head to Pilot Energy, page-32

Top Stories

GreenX picks up prospective copper project in Germany

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Is oil undervalued?

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Venture to sniff out high-grade REE targets at Jupiter project, WA

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Westgold sets its sights on top five producer status through merger with Karora

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News