TEY is flexing some muscles to break away from the 2 year long basing pattern.
A move above 10c is on the cards.
A few things to like about TEY:
1) Small MC under $8m.
2) Cash of nearly $4m ( EV $4m)
3) One of the largest land holding.
4) AGL has big interest of nearly 10%.
5) The recent CR of 10.5m shares was made to Anthony Wooles & will not be flooding the market anytime soon.
6) The Board "reshuffle" was achieved peacefully.
7) NOW...The most important clue...TEY is down 90% from its high 0f 0.88 in 2007,whereas the OBV is some 5m higher now than in 2007.
TEY is flexing some muscles to break away from the 2 year long...
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