Hi Blam"market is pretty stupid" lolI suppose therein lies the...

Hi Blam
"market is pretty stupid" lol
I suppose therein lies the opportunity ?
CMT has been overlooked by the market and is valued at a fraction of its worth and continues to trade by appointment.
Is it that the "market" doesn't believe that there is a commercial pathway for Pandora ?
In order for Pandora resource to be upgrade to reserves a commercial pathway must be demonstrated (at least that's my understanding of it). I'm thinking that the Wison scoping study alone may not achieve this although it is a significant step along that road, I figure CMT and j/v partners will need to incorporate the Wison SS into their own feasibility study on the economics of Pandora.

Corporate activity would certainly light a fire under the sp. I keep coming back to Talisman and wondering why they took up a stake in Pandora at a time when they have committed to divesting their PNG portfolio ? As it was a no money down pick up for them perhaps they seized the opportunity to bolster their suite of assets prior to divesting to gain a little more bang for their buck ???