TEY 0.00% 3.5¢ torrens energy limited

Premature, although the code allows for that. I have a copy of...

  1. 1,843 Posts.
    Premature, although the code allows for that. I have a copy of the new code guidelines, I'll see if I can type it up onto the GREENE thread later.


    Their diluted market capitalisation is now $26.4M, which is still high in a relative sense. The delay between current activities and a confirmation well looks set to be about two years. There should be plenty of time to accumulate as the resource is further defined. If there are no developments / buy signals earlier, I would look to repurchase it at 24c. I'm no chartist, but I notice the stochastics have been fairly reliable indicators for TEY, as included below:


    Cheers


 
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