I'm actually disappointed in the dividend. This means that John Towner gets over $2m of TEG's cash reserves.
Wouldn't it be better leaving the cash in the company to purchase new projects which would have a direct impact on the long-term company's share price?
This would mean no dilution as we would have the cash to pay for any new projects.
The good news however, is that they must be extremely confident the PASE lease renewal is about to be signed as they wouldn't do a cash dividend now unless that was the case.
I'm actually disappointed in the dividend. This means that John...
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Last
0.7¢ |
Change
0.001(16.7%) |
Mkt cap ! $14.56M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.7¢ | 0.7¢ | $20.06K | 2.866M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 7928270 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 895979 | 3 |
View Market Depth
| Last trade - 12.01pm 08/11/2024 (20 minute delay) ? |
| TEG (ASX) Chart |