TEY is flexing some muscles to break away from the 2 year long basing pattern. A move above 10c is on the cards. A few things to like about TEY: 1) Small MC under $8m. 2) Cash of nearly $4m ( EV $4m) 3) One of the largest land holding. 4) AGL has big interest of nearly 10%. 5) The recent CR of 10.5m shares was made to Anthony Wooles & will not be flooding the market anytime soon. 6) The Board "reshuffle" was achieved peacefully. 7) NOW...The most important clue...TEY is down 90% from its high 0f 0.88 in 2007,whereas the OBV is some 5m higher now than in 2007.
TEY Price at posting:
7.9¢ Sentiment: Buy Disclosure: Held
