From Chester who now own a 10% stake in COI as of yesteray via COPIA.
“The CHCF posted a 4.0% rise in the quarter, relative to the 8.4% rise in the ASX300 Accumulation Index. Comet Ridge (COI) has been a long term holding, with a significant gas position in the Bowen Basin. With each passing year, we are more optimistic the COI gas portfolio will form part of the east coast gas solution. It may not be as a listed entity.”
Guys, what an opportunity for new investors to pick some shares up sub 18.5c and sub $200m market cap. I am astounded where this trades so close to short term catalysts that will close the gap between the value of the business on market and the intrinsic value of the reserves and resources COI owns close to infrastructure on the East Coast. This is going to pop in the next fortnight to a month you can feel it.
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