For those few here who are interested in my views on this Tamarind move, this is what I just posted on NWE. Some over there appear perplexed, others suspicious and others mildly optimistic. My views are: Tamarind had two oil expert directors appointed to TEG and TEG needed that. NWE is a $10M market cap company potentially sitting on a huge oil resource in Xanadu. It can't do it by itself. TEG and NWE are JV partners. Tamarind wants this to happen as do I as a TEG shareholder. NWE doesn't seem to have the resources to do this quickly or at all. Only NWE can drive the approvals and the 3D on Xanadu. Tamarind invested in TEG to access Cliff Head, Arrowsmith and the Perth Basin. They just want this to happen otherwise they may as well sell up and take their bat and ball and go home. This is a great chance for both NWE and TEG IMO to get going as Tamarind has a lot more clout, money and expertise than we do. Frankly if Tamarind didn't invest heavily in NWE then all would be lost IMO and we would all be here until doomsday waiting. I say go Tamarind. I support this move. The only company that is going to take NWE and TEG out is a much bigger company than Tamarind and I suspect that is what they may be hoping for eventually. They renovate the house in the right location and then sell for a high price and we all benefit. I doubt the SP of either TEG or NWE will move though for a while but in a few months on news I am hoping.
- Forums
- ASX - By Stock
- TEG
- Tamarind substantial holder in NWE
Tamarind substantial holder in NWE, page-2
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TEG (ASX) to my watchlist
(20min delay)
|
|||||
Last
2.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $36.26M |
Open | High | Low | Value | Volume |
2.0¢ | 2.0¢ | 2.0¢ | $8.144K | 410.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 4230315 | 1.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.0¢ | 2113287 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 4230315 | 0.019 |
15 | 3661317 | 0.018 |
8 | 2415937 | 0.017 |
7 | 2932379 | 0.016 |
7 | 1335666 | 0.015 |
Price($) | Vol. | No. |
---|---|---|
0.020 | 2113287 | 6 |
0.021 | 4518015 | 11 |
0.022 | 2200129 | 9 |
0.023 | 1868081 | 8 |
0.024 | 2258249 | 8 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
Featured News
RNU
Renascor wins a funding boost given it wants to produce a critical mineral – but $5M award pales in comparison to some
SKS
SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne
TLX
Telix jumps 11.6% as US government indicates proposed medicare changes won't affect prostate cancer drug
TEG (ASX) Chart |