beaufort1
- 19 Mar 2004 09:30
They're a dozy lot down at IC. Today they have a piece on the flotation of Asia Energy plc on AIM. Chunky coal deposits in Bangladesh. Market cap. expected to be about 30m.
What IC fails to notice is that CBM has a 55% stake in AE. 55% of 30m wd be 16.5m.
CBM's current total market cap at 63p is er... about 16m!!
So we get Western Canadian Coal (about to float on AIM), Pageton Coal in West Virginia, AGD Mining, Subranum Gold in Ghana, and CBM'z most recent acquisition Zhibek Resources (again planned to float on AIM in 2004) FOR NOTHING.
Fill your boots folks, this is set to double.