I’d be expecting news flow soon. You don’t raise that amount of money and stay silent otherwise the directors can be prepared for a see you later vote. I know I’ve been saying it for a while now, but we should be $0.40, now with the cash injection and dilution, we should be $0.45.
I do see this as a good opportunity to nab a few more at this price as off-take agreements will come. The demand for Australian Gas is insane. I receive numerous call per week from large buyers and if Comet can’t sell it, I can assure you all that I could sell the whole supply to a single buyer by close of business tomorrow.
Gas is king and the transaction to other power is years away here in Australia.
I think clear heads (investors) here will prevail and it would be very hard to Fk things up from here.
The only way I see this going now is up. I’d expect our Funder to be sheeting themselves now that we have the cash to point the gun at their heads. I’m expecting a big fat T/O or major expansion to the project and a JV partner to take on all risk moving forward.
I’m personally hoping we become a dividend stock and gaining ground to the ASX 300.
Sunday beers so I’ll blame Heineken if I’m wrong….
COI Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
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