Gassed, as usual, very well written points from a seasoned investor.
However, the underlying risk of a hostile business environment in Indonesia did not change since anyone invested in TEG. We knew back then (at least for those who did their homework) and we still know now.
Things are actually improving for Indonesia since then; new president ready for change, nation that can seriously pretend to be a major mediator between China and the rest of Asia, an apetite for serious foreign policy, etc.
Aceh is also a challenging region but the 20 years contract is done and needs to be exploited. Odd timing to give up on this particular offer with an orchestration this opaque to shareholders.
The only thing different is that the pivotal asset of the company is being sold off.
I would agree with your pragmatic reasoning if only we had all the elements surrounding this deal.
Something is missing in the big picture.
Gassed, as usual, very well written points from a seasoned...
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2.0¢ |
Change
-0.001(4.76%) |
Mkt cap ! $36.26M | |||
| Open | High | Low | Value | Volume |
| 2.1¢ | 2.1¢ | 2.0¢ | $36.09K | 1.804M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 5508160 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 4198018 | 8 |
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| TEG (ASX) Chart |