Well I just put my money where my mouth is & gladly took up the 35K at 9 cents which is the cheapest CMT shares ever I believe!
It's been on offer all day but no one wanted it.
Simple strategy 'buy on perceived bad news'
CMT market cap now around $6.9 million & sitting on at least 320 BCF contingent gas resource (minus another $23 mil to IES once commercialised).
CMT management obviously very confident that it will be commercialised hence payment to IES which bodes well for future business with them & sends a message to shareholders that PRL38 will be a goer!
My shares in the bottom drawer to await further news on the FPSO.
ps. Disclaimer: I have never been to Bangkok, don't drink alcohol & certainly never had more than one bargirl on my lap!!
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Last
10.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $191.8M |
Open | High | Low | Value | Volume |
10.5¢ | 11.0¢ | 10.5¢ | $19.26K | 180.2K |
Buyers (Bids)
No. | Vol. | Price($) |
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9 | 1036456 | 10.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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11.0¢ | 812633 | 6 |
Last trade - 16.10pm 06/11/2024 (20 minute delay) ? |
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