TEG 0.00% 1.8¢ triangle energy (global) limited

Less worried about a takeover given the first thing the board...

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    Less worried about a takeover given the first thing the board will do is get an independent valuation. If anything the fundamentals have improved since DJ's last note so the valuation would come back in ~30c. If Tamarind was willing to offer that then they'd likely succeed but I can't see a low ball even at 20c getting the board recommendation, let alone 50%+ of shareholders. All it would do is re-rate us and generate some free PR.

    Shopping GAS is definitely on the cards and I'd be surprised if the board isn't actively pursuing this. Would be ideal to free up those funds rather than wait for the end of the escrow period. We should be getting more results from GAS by end of quarter.
 
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