Interest has certainly commenced with central shares, it was the first time in central history that shorting occurred on two consecutive days last week.
With the buy volume now surpassing the sell volume, and most importantly the solidification of the buy interest at the 10 cent range, set this company up for a swift rise should the brakes be removed.
W have Cottee's 25 (near) million options expiring in approx. 13 months at $0.45, we have the commissioning of the pipeline in 22 months, we have a company that must increase its share price between now and commissioning to entice the bigger end of town and of course, central gas sales and gas agreements all to factor into a rather depressed share price.
Not being a genius by any means, but it would not take an road school to conclude that this is now looking very much like a coiled spring ready to be unleashed.
For those who know me, I have rarely been positive on this Coy, certainly not since year 2012, that corner is now fast approaching and a light at the end of the tunnel appearing in the far distance. It is now only a matter of time before the bigger end of town start to take notice.
Central are well positioned, the market knows this, the bigger end of town know this, all that is required is to bridge the gap between now and when interest finally does kick in, I assume in the very near future.
(CoM in about time mode)
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