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Thread: COI comet ridge

  1. #1
    Senior Member
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    Wellington, , New Zealand.
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    Default COI comet ridge

    SP is showing some strength after announcement of 100bcf coal seam gas discovery.
    also in jv with AOE in tipon west
    I hold some for the long term as my csm gas play
    Not ramped like aoe

  2. #2
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    Still holding clearasmud? If so you will be happy with this weeks performance. I acquired a few COI earlier this week.

    They've recently acquired some prospective ground in the US in addition to what they already had. They will also start to earn a small cash flow via royalty payments later this year from a project they recently sold off. The presentation released today plus some of the recent annoucments gives a good review of what they are about.

    They have $3.3m cash on hand. Market Cap is $18m not including some in the money options. Including these options increases the Market Cap to $20m and would increase the cash on hand by $1.3m.

    COI appears to be trading at a discount to some of the other Aussie players in the US.

    Mark


  3. #3
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    Yes Mark i still have them!
    A 3 banger for me and hopefully a 10 banger in time!
    After listening to a recent presentation(on their website)
    I feel very happy to continue holding them.

  4. #4
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    Default

    comet spiked up heavily today to 43c.

    takeover rumours who knows.

    They have large acreage in the rockies and washington.

    Still feel comfortable to hold

    market cap still only 33m.

    IMO a speculative buy

    Haven,t had time to do some research.

  5. #5
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    Sydney, , Australia.
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    given the red in the market today you would have to say COIs performance was impressive. I would have liked a little more volume though.

  6. #6
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    ASX release out today. While I always discount company's talking up there chance based on its market cap and multiple prospects I like this one.

  7. #7
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    wow some move today but no volume!

  8. #8
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    quote:Originally posted by roget

    wow some move today but no volume!
    No sellers!



  9. #9
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    Clearasmud, yes impressive today on no volume and no trades! No one is giving this away cheap and given there US acearages I expect this to be trading much higher before year end. COI issued employee options under an incentive scheme today with a strike of 40cents, now that is what I call confidence!

  10. #10
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    Yes this company has a good track record and appears to be setting up a solid business.
    Still happy to hold

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