HI pq nice to see a fresh contributor Your right about CMT's value, essentially all its acreage and Pandora has been given ZERO value The difference between CMT and other IPO's is that management have secured 40% of an 800 bcf gas discovery for very little outlay.
Its a bargain alright. It's not that we have seen loads of selling to get the sp to this point, just that the stock is illiquid and so even a small sell can have a large impact.
BDM Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held