i sent the M.D Andy Lydyard, an e-mail saying " do you consider the company undervalued.
based up 61mm ordinary shares X.13cents=$8mm market cap (approx).. -----------------------------------------------------
Absolutely on any number of metrics!!!
Our proved plus probable reserves alone, based on recent market transactions, are worth more than our market cap.
Our major shareholders are sitting tight - we see a lot of short term trades which continue to wipe off market cap.
It is a sore point as we have delivered on our prospectus goals and have a lot of activity ongoing.
Thanks for your interest in Comet Ridge.
Andy Lydyard Managing Director Comet Ridge Limited Level 10 International House 26 St. George's Terrace Perth Western Australia 6000 T: (08) 9225-7108 F: (08) 9225-6100 M: 0415 461 845 (dialling from USA: 011 61 415 461 845) Email: [email protected]
COI Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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