I've been looking at COI and not sure as to why they seem to be running so hard.
I agree there may be some value in the northern tenements but isn't the current ESG drilling program more of a short-term catalyst?
In that case, why isn't OIP moving as well? They have more cash than COI ($13m in Dec 08) and are about a quarter of the market cap.
In fact at 11c today, they are 100% cash-backed - mkt cap of $12m versus about the same in cash.
They also have a 20% interest in the PEL 428 - the same as COI.
Hmmmmm??
I've been looking at COI and not sure as to why they seem to be...
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Last
16.5¢ |
Change
0.005(3.13%) |
Mkt cap ! $188.3M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.5¢ | 15.5¢ | $117.7K | 732.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 707750 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 305907 | 5 |
View Market Depth
| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| COI (ASX) Chart |
