I think David Bradshaw was an expensive pick and the financial turmoil overtook the company ...?!
But I like to say that I highly regard Jeff Schneiders personal decision to take the responsibility for the future of Comet Ridge under such difficult conditions. And he will be remunerated on a non-cash equity basis! As if this wasn't enough he bought 200,000 shares at market last week (Appendix 3Y ) when the bid side went crazy (with bids at 0.006 and 0.005 AUD).
IMHO, it's a really unselfish commitment for the company (and for the shareholders)!
COI will be re-rated for sure - they have a really large acreage position in CSM assets and at least the Galilee permits are world class assets (potentially 35+ TCF gas in place). They expect a farmout for ATP743 and ATP744 "in the near term" - a big deal here and the SP should rocket up.
AGM Presentation
pel 427, page-4
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Last
15.5¢ |
Change
-0.010(6.06%) |
Mkt cap ! $188.3M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.0¢ | 15.5¢ | $48.04K | 305.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 707272 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 99742 | 4 |
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| Last trade - 16.10pm 02/12/2024 (20 minute delay) ? |
| COI (ASX) Chart |
