TEY
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0.00% 3.5¢ torrens energy limited

Small geothermal play in south australia finding buyers and...

  1. FiendishRedbeard
    7,936 Posts.
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    23/08/09
    14:35
    Post #: 5543782

    Small geothermal play in south australia finding buyers and breaking downtrend since ipo.

    56M shares + 27M options at 25c + A$5M cash. EV~A$17M FD.

    Good location, very close to grid around port augusta with AGL looking at funding drilling, now adding an ex BHP manager, TEY's location may make this addition more significant in the long term...

    Would consider buying op from any pullback.

    tey



    TEY Price at posting: 31.7¢ Sentiment: LT Buy Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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