Comet Ridge should see a significant increase in share price with the government having to release a more favourable cost structure ongoing with the updated price module being released on July 7. From early commentary this looks to be incredibly favourable to Comet Ridge.
Already buyers are 4 times sellers and trades are up dramatically and for sizeable amounts.
What is the story here.
The competition regulator have advised a 300 PJ PA shortfall by 2034.
APPEA are advertising on main TV that gas has a place ongoing.
Victoria Is facing a severe Gas shortage ongoing with gas from the Bass Straight tapering off.
Many new projects from other Gas co’s are at a pure exploration stage. These will be years away from being ready as gas to market
Comet Ridge have a significant amount of known GAS - CONFIRMED already. This is available now to stem future shortfalls in supplies.
Watch this space very closely. A big opportunity
COI Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held
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