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!!
BDM Price at posting:
9.0¢ Sentiment: Buy Disclosure: Held
