TEG triangle energy (global) limited

I don't think Becos is fully funded unfortunately which is why...

  1. 1,012 Posts.
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    I don't think Becos is fully funded unfortunately which is why the PGY payment is so important.

    https://hotcopper.com.au/data/attachments/6517/6517812-86c2a2b3cc37e18ce0bbb75c6e1ff5be.jpg
    Good Oil Sept 23
    https://hotcopper.com.au/data/attachments/6517/6517833-78237a4a6c48aefb60db6480fee26665.jpg
    Investor Presentation Feb 24

    The last drill was a mess. PGY didn't front up with the cash, TEG was forced into a raise at short notice and we lost any momentum going into Booth. We don't need a repeat of the situation leading into Becos.

    TEG had around $8m (mid-Sept). Add another $3m+ from PGY and I hope that is enough cash to avoid a Cap Raise leading into Becos.
    @Desolutionary are you still holding any TEG? I remember you made a great call on TEG needing to raise before Booth.How do you see TEG's situation now?

    Last edited by Mitchdon: 08/10/24
 
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