CLR carabella resources limited
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Only 40 million tons is proven this is a very low. The market...

  1. david25
    5,587 Posts.
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    26/11/11
    11:09
    Post #: 9346754
    Only 40 million tons is proven this is a very low. The market was probably expecting them to prove up 200 million tons plus. The inferred resourse is only around 150 million tons.

    Their reserve at this point is not sufficient to justify a market cap of more than $60 million.
    CLR Price at posting: $1.47 Sentiment: ST Sell Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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