I'm surprised too. Very surprised we're sitting here in late 2014, ex-PPL 437 and no KPL shareholding and CMT share price is 9c/sh. I agree the market valuation is harsh on this stock, but it is also telling. We're living in a theoretical world of what the value of CMT could be, while the real value of our investments is shrinking in size.
Last year, we were writing positive prose on this site about a big 2014 for CMT. Now its about 2015.
Investors need to keep the pressure on here. I am positive on the story but I am seeing more risks emerging with CMT. I am also starting to question whether the entry into PRL 38 was the "stroke of genius" that we thought last year. Time will tell, as always.
Cheers
BDM Price at posting:
9.0¢ Sentiment: Buy Disclosure: Held