COI comet ridge limited
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  1. GasBaron
    135 Posts.
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    27/03/20
    13:15
    Post #: 43732810
    My concern Pete is that these guys have spent an awful lot of money but haven't announced any good news at all on Albany for more than a year.

    Over the past 4 quarters, the bulk of the activity has been on Albany operations. Very little has been done on Mahaloo.

    Over the past 4 quarters, they have spent $6.9M in Q1 19, $3.1M in Q2 19, $3.6M in Q3 19, $7.9M in Q4 19

    The last 5B quarterly forecast a spend of $3.9M for Q1 20

    Altogether, that is $25.4M.

    How much more do they need to spend if they have to remobilise to get to any good news?

    With that kind of spend and no good news on Albany, you've got to ask what's going on
    COI Price at posting: 5.5¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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