COI 6.06% 15.5¢ comet ridge limited

price movement, page-8

  1. 458 Posts.
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    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!!

 
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