I am a long term holder who jumped on board 4 years ago, and I have seen the share price at 30c plus a few times?..and yes like others I am frustrated that we haven?t kicked on to 50c and beyond.
BUT I think we need to keep some perspective, check out the latest Board presentation dated the 3rd of May 2011 that stated ?projects in the early phase of exploration?.
In my view its all about the dirt COI has pegged, and patience in seeing the reserves proved up.
The good news is that billions of dollars (from the worlds biggest energy players) is going into gas infrastructure in Australia right now ? at unprecedented levels. Just like it did previously for the iron ore and coal industries?..and how many juniors have flourished on the back of that infrastructure in the last 10yrs?
Market place is being built, COI just has to make sure the they something to sell.
I am still a COI believer!
COI Price at posting:
13.4¢ Sentiment: LT Buy Disclosure: Held
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