"The Board of Triangle investigated several opportunities” from the company update document. So, it seems that TEG is not such a failure that they only had this option to cling on.
I have seen my fair share of deals and there rarely come by one. The trust issue lies here IMO (thus the board change needed). If some entity is willing to put forward 12.5Mio, there is banned to be another candidate(s) for the same ball park figure. Otherwise, as you rightly mentioned, PT Enso Asia could have played the clock and might have made a much better deal.
This is fuelling the idea that the asset is worth much more than the deal we going to have.
Why would you ask a break fee of an amount you don’t have? This is just for show and to put SH in a pressure cooker.
I want to see all the offers that might have been done!
"The Board of Triangle investigated several opportunities” from...
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Last
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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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| TEG (ASX) Chart |