IMO the market is now probably pondering how many shares will be issued for the all scrip Mariola "merger", how much of the Company will C.I. then own, whether those shares issued will be held in escrow, what price will be paid, will the market agree with the price paid and what does Carbon Investments intend to do with all those shares it will then owns post merger.
The continued uncertainty over the Balkans asset sale and the Togo tender won't be helping us either.
The market hates uncertainty, coal, and dilution......
July 2010 = Market Cap. of $30M equaled 33.5 cents
Now = Market Cap. of $30M equates to 8.5 cents.
Needs Needs something to stimulate it, page-3
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