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20.0¢ comet ridge limited

Spot on Auto.I suspect many are waiting on release of...

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thesaint63

125 Posts.

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21/06/23

20:11

Post #: 68406648
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Originally posted by Autosime: ↑

Tor presenting at Wilsons conference today or tomorrow . Likely presentation released to market

In terms of price action, my view is that the sp trend is simply whether the marginal buyer or seller is in control. One needs to remember that only a fraction of issued capital trades daily. What is a better indication of SP direction on a medium term view of SP trend overlayed by the Fundamental position of the company

I try and stay engaged with not only the company but as many industry participants as possible so i can have a clear view of what is going on not only for Comet but the industry as a whole, this includes feedback on industry and govt discussions, current deals being executed etc

So to me i look at price action in combination of likely news flow. What is clear is Comets gas is highly sought after. Potential buyers are having active discussions and coal users need to switch out of coal more rapidly. Comets gas is worth multiples of current SP so i will need is moves to progress that towards monetisation so the market ascribes greater and greater value to the project

So for me the next bit of news could be anything from another MOU, a pipeline agreement, a GSA or a takeover

there are clear buyers at 16 , and these buyers are generally offscreen and buy so as not to move price. What you will find an accumulating instos will buy and sell as the accumulate, part of the reason is to accumulate without pushing price higher. You can see that with sub holder changes , its never all buying or all selling

The true dark horse is a bid from left field and most TOs happen without warning. This is the exciting possibility that one day we may wake up with a bid on the table and a SP 50% -60% higher overnight so for me its important to be set to benefit from progress on the project but equally for the chance of corporate action which i rate as a real possibility. Interestingly the more they progress with GSAs and pipeline agreements the greater pressure is placed on an acquirer wanting all of the gas to act

Expand

Spot on Auto.

I suspect many are waiting on release of information on July 7 as to pricing ongoing. Once this is known any and all will show their hand and off we go, I also believe that the pipe line agreement, or at least one pipe line, is confirmed. Others may come into play.

A 50% increase I will take, as a minimum overnight. Comet is worth far more than that long term!

Many forget we have GAS in ground and this is all confirmed. And is certified.

COI Price at posting: 16.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 20.0¢		Change 0.000(0.00%)		Mkt cap ! $221.5M

Open	High	Low	Value	Volume
19.5¢	20.0¢	19.3¢	$355.2K	1.814M

Buyers (Bids)

No.	Vol.	Price($)
1	10000	19.5¢

Sellers (Offers)

Price($)	Vol.	No.
20.0¢	445123	5

View Market Depth

No.	Vol.	Price($)
7	586228	0.190
3	552000	0.185
2	470000	0.180
1	250000	0.175
2	205880	0.170

Price($)	Vol.	No.
0.200	445123	5
0.205	394256	7
0.210	214560	6
0.215	1200543	6
0.220	236763	4

Last trade - 16.10pm 28/06/2024 (20 minute delay)

COI (ASX) Chart

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