TEG 0.00% 1.8¢ triangle energy (global) limited

NWE and 3C Group

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    No doubt NWE holders will complain about the just released capital investment by 3C Group and the share issue to them (and the dilution to other holders) but for TEG it is great news. The Xanadu JV does not want a partner to collapse, especially the operator of Xanadu and the organiser of the 3D, and having another JV partner supporting them to allow Xanadu and the 3D to happen is great news for us IMO. I can only think of one reason that the 3 C Group would do this and that is their belief that there is lots of oil in them there hills.
 
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