The timing of the PGY payments will be critical to TEG with $7.5m due between Oct-Dec.
TEG said last month they $8m cash and $7.5m due from PGY. At $8m TEG would need to raise prior to drilling, with $15m they probably have enough cash.
Personally I would much rather TEG delay the next drill by a few months and wait for the PGY payment than see another 800m shares issued at 0.005. @Luvlife do you have any idea how TEG are viewing this? And how do you see it?
Pilot Trading Halt, page-20
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Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.48M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.6¢ | $16.82K | 2.804M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 248968 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 7848058 | 10 |
View Market Depth
| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| TEG (ASX) Chart |