BDM 0.00% 10.5¢ burgundy diamond mines limited

Well I just put my money where my mouth is & gladly took up the...

  1. 892 Posts.
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    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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