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2.0¢ comet resources limited

Does anyone know how long those companies took to run to a...

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Kamantea

3,106 Posts.

222

02/11/21

09:24

Post #: 57248157
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Originally posted by Guvkbr: ↑

I think people feel like we essentially "sold" our graphite project. While that's true, it was for a 25% stake in a vertically
integrated high-technology graphite business, and from what has been said so far, and with Comet appointing one director to the board of IG I don't think we will be flipping these shares for a quick buck.

Comet was never going to become a vertically integrated graphite business, it would have taken many years and we simply don't have the personnel. IG themselves have been working on the feasibility for their project for the last three years and they already have a team of specialists. Their ipo market cap is around $32 million, and with its peers valued just shy of $300 million they have a very good chance of having a decent run post ipo imo. EGR and RNU have proven how quickly a stock like that can appreciate.

Matt is a money man after all and can see the $$$ in this deal.

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Does anyone know how long those companies took to run to a market cap of 300 million ?

CRL Price at posting: 2.5¢ Sentiment: Buy Disclosure: Held
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