COI 5.26% 20.0¢ comet ridge limited

On 08/02/18 Taylor Collinson Research issued a TP of 50 cents...

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    On 08/02/18 Taylor Collinson Research issued a TP of 50 cents for COI. On 10/06/18 - just four months later - the Mahalo Gas Flow Rate is about to pass 1.2 million scf/d and expected to rise to if not exceed 1.3 million scf/d which in truth is 30% above what the most bullish of previous analysis's estimates had ‘pegged' a few months back.

    Based on those previous estimates - COI is one of the rare examples of a Junior who is not just over delivering but could 'come up trumps' with the Albany 1 hole being sunk in Galilee which is not far off reaching the sandstone target formation from which gas flowed in the past.

    It would be naive to think that the ripples that COI is creating in the 'pond of diminishing produceable gas' - will not be noticed by those looking to secure their future market share.

    As to the current market cap of $227 million – let those looking to make a quick buck ‘jump ship’ and pile into the next promised pot of gold at the end of yet another rainbow whilst we sit tight knowing that we have multiples of gold in the ground as reflected in the current market cap – we just have to channel it in the right direction for the right price.

    As to whether we will sell the lot 'in ground' to a third party to bulk up their reserve base or whether we will produce ourselves – that’s the question that needs answering in order for us to know whether we will walk away with an upfront profit or a long term yield - possibly a hybrid of the two…

    What’s not to like?
 
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20.0¢
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19.5¢ 20.0¢ 19.5¢ $221.3K 1.134M

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3 218150 19.5¢
 

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20.0¢ 1148645 8
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