Unless the company as a whole can become cash flow positive from oil production then the money from selling GAS shares will be just seen to be supporting a nonviable business with large end of life costs.
I think the Market knows well the value of the GAS holding.
If the BOD was serious about creating value for their shareholders they would make an in specie distribution of the GAS shares to TEG share holders .
The fact that this is not done says to me that the BOD values their jobs and supporting Management more than their fiduciary duty to their share holders.
Ann: Update in Relation to BP Kwinana Refinery, page-49
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 (20min delay)
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Last
2.0¢ |
Change
0.001(2.56%) |
Mkt cap ! $36.26M | |||
| Open | High | Low | Value | Volume |
| 2.0¢ | 2.0¢ | 2.0¢ | $5.954K | 297.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 2763014 | 1.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.0¢ | 776059 | 7 |
View Market Depth
| Last trade - 10.11am 18/06/2024 (20 minute delay) ? |
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Last
1.9¢ |
Change
0.001 ( 5.00 %) |
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| Open | High | Low | Volume | ||
| 2.0¢ | 2.0¢ | 1.9¢ | 2054000 | ||
| Last updated 10.19am 18/06/2024 ? | |||||
| TEG (ASX) Chart |
