COI comet ridge limited
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Hi Kid,I think a reasonable "benchmark" should be the AGL deal...

  1. gimo211
    1,836 Posts.
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    31/12/08
    17:49
    Post #: 4648484
    Hi Kid,

    I think a reasonable "benchmark" should be the AGL deal with Galilee Energy (resp. ECU) for ATP 529P (wich is close to the COI permits). They took up 50% interest in the permit for A$ 37 million.

    That's why I think a 100 million dollar (resp $1 per share) bid for COI would be a bargain for the bidder.

    Perhaps someting above 50 cent per share would be realistic in the current financial environment.

    Happy new year to all holdets!!

    COI Price at posting: 9.3¢ Sentiment: ST Buy Disclosure: Held
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