The liability is not as bad as one would think
may be taken care of via the govt so at least 8.9 cents it is
Taken from stomars post
stomar
626 Posts.
62
Date:
22/09/20
Time:
14:21:08
Post #:
47534940
TEG: I am hearing folks mentioning TEG and a non-current liability item on their balance sheet:
This particular Non -current liability item It is not a DEBT!. Please understand. Only a contingent non-current liability representing the expense if they want to remedy/re-use a plant that they own. I have been investing in O&G since i started trading. That item is a very conventional item in O&G space as they own a lot of incoming producing fixed assets... ie plants/rigs etc.... There are talks that TEG may even recieve 100% government funding to remedy that plant as it would be classified as integral infrastructure imperative for the state's supply chain..
The liability is not as bad as one would think may be taken care...
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