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8.33%

11.0¢ burgundy diamond mines limited

Corporate Activity in PNG, page-9

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JB3663

112 Posts.

17/11/14

19:45

Post #: 14304070
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Originally posted by rizzla ↑

amazing to see CMT sitting on 40% of a proven Tcf or thereabouts in place and at a market cap of $6M and an EV of half that. Amazing when you look at RLE, who are valued at 10 times our company after drilling a couple of hype wells and announcing log pay and gas saturation. I think you'd have to try very hard to not see gas in the Patchawarra no matter where you drill. and log pay is absolutely meaningless, unless you are within a well-established and tested discovery. Compare that to two successful, high deliverability flow tests, clear data to define the container and a proven resource. Someone tell me why these guys are valued so much higher?

CMT need a takeover or a shift in industry attitude toward the risks of FLNG / H2S

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Role is completely different. Can't is flng. Role is gas pipeline.

BDM Price at posting: 8.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 11.0¢		Change -0.010(8.33%)		Mkt cap ! $191.8M

Open	High	Low	Value	Volume
12.0¢	12.0¢	11.0¢	$98.04K	862.2K

Buyers (Bids)

No.	Vol.	Price($)
4	289015	11.0¢

Sellers (Offers)

Price($)	Vol.	No.
11.5¢	12033	1

Last trade - 16.10pm 29/11/2024 (20 minute delay)

BDM (ASX) Chart