you really do need to wonder about the efficiency of this market.
at 1c not so long ago CTR had a market cap of about $4.5m. at that stage, the acerage was pure speculation drowning in a history of management mystery and mischief
they announce 610 bopd from 7 ft and allude to significantly more. numbers being pushed around are in itself that 610 bopd is worth nett $20k per day (...say $7.0m per annum assuming continuity)
the market retates CTR to the heady mc of $7.1m.
even taking into account all the banter about RRS additional shares and any other conceivable mischeif on the agenda, surely this find is worth something more than $2.6m ... surely! $2.6m equates to about 4.5 mnths of production
something is just not right IMO!
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