The $17 million is a significant boost to cash reserves and gives Comet a massive comfort factor to move into the future.
Why the share price is under 60 cents is a mystery. Personally I believe we will break this soon and head to a realistic value of $1 plus. I also seem to recall reading a brokers report noting a fair value of$1.20.
COI Price at posting:
35.5¢ Sentiment: Buy Disclosure: Held