These accounts and the report seems to show TEY as a good spec investment. Unlike so many spec prospectors TEY has a good cash balance which is capable, along with government grants, of carring it through this turbulent financial period. The only question now is whether or not the venture will prove practical and profitable in the long run. I'm happy to hold and think the future of electricity leans towards these non poluting forms of generation. The interest shown by AGL Energy supports that thinking.
TEY Price at posting:
24.0¢ Sentiment: LT Buy Disclosure: Held