Ann: Company Update and Security Purchase Plan, page-19

Care to nominate the date from which you think TEG has been a money burner? I understand there were issues in the past, under a different ticker with a different board, but since I've been following management have farmed in, and then purchased more, Xanadu share, got Cliffs Head back in a position for expanded production, made significant progress on catching up on maintenance on the stabilisation plant, and spun GAS off, a zero value asset at the time. In that timeframe (2017+), the share price has tripled. 2 cap raises from memory, both times deploying capital well. If TEG was trading 30c+ I'd agree that your exposure to GAS would be better direct. With TEG trading at a discount to their GAS holding, let alone other assets, it's a no brainer.