Its a suprising move in that no-one saw it coming. But thats all. None of the presentations by the new mgt team featured GAS as part of their forward strategy.
They have cashed out roughly 50% so we still have a position in GAS.
The decision was about derisking TEG and moving L7/EP437.
We sold at placement prices.
If GAS rockets we still hold half our exposure. Importantly TEG is prepared to back its own project.
IMO the move makes sense.
State Gas shares, page-41
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Last
1.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $30.82M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50000 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 180000 | 1 |
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| Last trade - 16.12pm 29/07/2024 (20 minute delay) ? |
| TEG (ASX) Chart |
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