Bullish setup into next week with strong volume at 17c. Some massive bids Auto which popped up with a few minutes to spare in the auction after a solid few days of buying action . Amazing that this was 15.5c and with the value of the in ground assets being 40c + there was only one was the share price was going from 15.5c. Seven 7 seven where are you my friend?
This reminds me of when WGO’s share price trended upwards on no news and about a week after it broke through the resistance we had a formal takeover offer from a fellow gas explorer in the Perth basin
Im hopeful we get a binding offer put in front of our management team in the next couple weeks. You can guarantee that in COI’s case the first bid won’t be the last.. I am betting a STO bid comes in and Rinehart and BPT come in for the battle to outdo STO. One can dream but it’s possible
have a great weekend folks
COI Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held
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