As I have said before, there needs to be clarity from the company as to a clear strategy to monetise these assets... Currently there is non other than"watch this space".... Many small resource companies have had great assets "in the ground" in the past... They are worth nothing until they are developed and sold to customers. COI do not have equity control of the main Mahalo project... The only way to monetise their share of Mahalo is by one of the following: 1. Agree a JV with STO and ORG... This needs both parties to agree.... Possible but unlikely at this stage (especially ORG)... 2. Sell Mahalo to STO or ORG... Why should STO or ORG spend money now..??.. Should probably have happened by now if STO or ORG were interested or maybe COI do not want to sell... (Directors are pulling $1m+).. 3. Canvass a bid for the company... Same answer as 2. above... COI shareholders are in a difficult position... Do we wait for one of the above..??.. Do we participate in another capital raising to keep the company afloat...?..... Either way, there still remains no clear strategy as to how the assets will be monetised...
COI Price at posting:
6.0¢ Sentiment: Hold Disclosure: Held
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