COI 0.00% 16.5¢ comet ridge limited

The short-term money has exited maybe with a fewmore players to...

  1. 142 Posts.
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    The short-term money has exited maybe with a fewmore players to go – those invested in the company’s future remain.

    Nothing’s changed – we remain strategically wellplaced to take advantage of the shortage of gas in a high demand market.

    Galilee Deeps is moving forward – above the Deepshas not been touched or indeed farmed into so a story there is yet to unfold –Mahalo as we know has sizeable gas reserves with addition upgrades awaited but notyet released.

    Short-term punters throwing money into anycompany creates nothing other than share price fluctuations as they enter/exit– just the way the markets work.

    A 4% rise in the price today on a trading volumeof a small fraction of the shares that even I hold –just demonstrates how quickly the price will move when those on the sidelines decideto get involved and take a position.

    No chance of a suitor bagging any sensible amountof shares ‘on market’ without driving up the price exponentially unless they areable to take a position during a capital raise.

    Whilst irritating that the share price currentlysits where it does as it bears no reflection on our net asset worth – it makesnot a scrap of difference to those of us who are in this for the long haulawaiting either a T/O or eventual production other than an opportunity to bagsome more shares.

 
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Last
16.5¢
Change
0.000(0.00%)
Mkt cap ! $182.7M
Open High Low Value Volume
16.5¢ 16.5¢ 16.0¢ $202.5K 1.232M

Buyers (Bids)

No. Vol. Price($)
6 202716 16.0¢
 

Sellers (Offers)

Price($) Vol. No.
17.0¢ 270000 2
View Market Depth
Last trade - 16.10pm 04/10/2024 (20 minute delay) ?
COI (ASX) Chart
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