Relax shareholders. The cavalry will be here soon. say no more :
The next 12 months will be an exciting period for the company which will benefit from its new Australian focus. Triangle is in a strong financial position with a clear line of sight on future revenues which will enable it to invest in opportunities to progress the Company and build shareholder value. ( and thats from their last quarterly).
They also quoted, that they have the clean up covered. ie (In addition to the Cliff Head asset acquisition, Triangle Energy is entitled to the Petroleum Resource Rent Tax (PRRT) credits being in excess of $18 million. Positively, these PRRT credits will be utilised against abandonment costs. Triangle estimate its share of abandonment cost, utilising its PRRT credits is in the range of $10-17 million. The Company is satisfied that future cash flows will adequately fund the abandonment liabilities).
JMO
GLALL
DYOR
PS( What other co. represents better vallue at this price!!!!!!!!!!!!!!!!!!!)
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.320M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.5¢ | 0.4¢ | $51.09K | 12.74M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 13041614 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 6839612 | 18 |
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| Last trade - 15.18pm 27/09/2024 (20 minute delay) ? |
| TEG (ASX) Chart |