you will note the dramatic turn in SP and sentiment occurred on 28/01/10 this was the results of the coal drill CBM 93003 1.2m and 0.4m thick seams. shortly after this was also the termination of the bond agreement.
IMO it was these two events that lead to our SP in the 4c range.
The amusing thing was that CBM93003 was meant to test the boundaries of the coal. It was succesful. The bonds agreement was something many people grumbled about but it was a source of finance wasnt it.
anywhoooo doesnt really matter. Pattersons or any1 else get issue a buy recommendation and it can be considered a pump, but it was done after the initial rise of 40% from low and then 30% So we were recovering before hand anyway.
and it wont matter a fig if we have recoverable oil.
CTP Price at posting:
41.0¢ Sentiment: ST Buy Disclosure: Held
