This is one of the follies of investing. I invested in this stock because they held interests in PRL 437 and PRL 38. Now it turns out they don't have interest in PRL 437 and there is no sale, and there is no value assigned to their interest - any they couldn't meet their commitments on their holding, despite selling down their Kina holding.
You can't invest in something based on what you think you know, because a company's management can just completely change the rules, or go and mess it up on you at any time.
I really hope we don't have to put up with more share price weakness on the back of this, because in all honesty the SP performance on CMT to date is a joke, and an insult to people that try to analyse and a value a stick.
I for one look like an idiot for my association with CMT, and for any discussions I have had to date with family and friends investors who have invested in it based on what I thought I knew, and what I/they thought they were investing in. I totally regret it at present.
I really hope that CMT Management are not taking us down the garden path as night falls.
KPL Price at posting:
33.5¢ Sentiment: None Disclosure: Not Held
BDM Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
