TEGO

I don't get the selling pressure with the TEGO ... I see a few TOP20 TEGO holders happy to have them up for sale .006 -.007 etc ... yet as we see today TEG trading @ 2c >>> personally I like the leverage of longer dated options and recently Sold all my TEG shares to add to my TEGO pile

Another ASX O&G peer MAY,MAYO
options MAYO same ex price as TEGO 3.5c (MAY head share price 2.2c Vs TEG 2c )

MAYO ex date 10th SEPT22
TEGO ex date 30th AUG23

So basically TEGO give you near on a extra year to exercise=time value

yet

MAYO SP = Bids .008 Vs .009 sell
TEGO SP = Bids .005 Vs .006 sell

My only major concern and maybe why TEGO's not getting much time value = leverage etc ... is the Takeover factor aka we see a TEG predator at 3c etc ...would mean opts = worthless ...Or maybe Large investor dilution factor??

We see TEG's holding of GAS shares distributed out to TEG S/H's....

maybe to raise extra capital in the near future (Not sure if you can do this ?)

Of Course I've gone boots in all in the opts hoping for a much more favourable outcome will see the TEG share price move towards 10c(well before AUG23) giving a much better return

aka- $60,000 investment in TEG vs TEGO at present prices
= 10mill TEGO purchased @ .006 =$60,000 - @ 6.5c = $650,000 = profit $ 600k
= 3mill TEG shares purchased @ 2c =$60,000 - @ 10c = $300,000 = profit $240k





Disc -Holding MAY,MAYO,TEGO