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2.94%

16.5¢ comet ridge limited

Thanks antiques and that's all good to hear especially that...

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MadHarry1

736 Posts.

57

30/11/17

21:48

Post #: 29271251
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Originally posted by Antiques Of Woodstock ↑

The share price has not tanked – it doubled over the previous two months to reflect progress at Mahalo and still retains much of that uplift.

Now that the rigs at Mahalo have been released and with the new share placement successfully raising $10m at 23.5 cents - the share price has merely drifted slightly.

Everyone’s eyes are now focussed on the 2P reserve upgrade at Mahalo which is expected after the anticipated increase in flow rates have been assessed.

Currently we sit at 30PJ of 2P and we are shooting for 100+ PJ of 2P which will be the next big news for us.

Sinking holes in the ground in the correct location is critical – to do so on budget is equally important – with us ticking both boxes - but the ultimate objective has to be to achieve a reserves upgrade which justifies past works with the associated expenditure.

As to Santos and any take-over rumours - our 40% of Mahalo is unaffected.

All looking good to me and no worries if there are those offloading loose shares to a safe pair of hands.

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Thanks antiques and that's all good to hear especially that there would be no affect on our JV with Santos.
I agree the Share price has been doing well.

COI Price at posting: 23.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 16.5¢		Change -0.005(2.94%)		Mkt cap ! $182.7M

Open	High	Low	Value	Volume
16.5¢	16.5¢	16.0¢	$187.6K	1.138M

Buyers (Bids)

No.	Vol.	Price($)
3	184305	16.0¢

Sellers (Offers)

Price($)	Vol.	No.
16.5¢	136362	1

View Market Depth

No.	Vol.	Price($)
3	184305	0.160
2	175000	0.155
3	192301	0.150
1	100000	0.145
1	121200	0.130

Price($)	Vol.	No.
0.165	136362	1
0.170	175000	3
0.175	220610	5
0.180	634447	4
0.185	400025	6

Last trade - 11.08am 22/08/2024 (20 minute delay)

COI (ASX) Chart