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!!
CMT stand and deliver, page-20
-
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
