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Other Valuations of CBM Asia

Bob Moriarty
President: 321gold
Archives
February 7th, 2013

I wrote a piece a few days ago after CBM Asia announced spectacular results on a new 51-101 resource. I figured the company was worth $1.80 just for their 705 Bcf of CBM gas at Kutai West.

Now two other independent researchers have weighed in with what they think it's worth. Edison Independent Research thinks it's worth $1.30 a share. Seymour Pierce believes it is worth more like $1.14 a share.

There is a big overhang of long suffering investors who came in as long as 4 years ago only to see a lack of progress pretty much due to the vagaries of working in Indonesia. While CBM Asia has made a lot of mistakes communicating their message to shareholders, the value is there and now we have hard numbers to hang a hook on.

The only thing between the price today and a share price of $.60 to $.80 a share is millions of shares held by bored shareholders who want out at any price. Once the weak hands have made their exit, the shares will go higher and warrants will be exercised at $.35 and $.44.

A higher share price would negate the need to be diluting the shares even more than they have been already. Those bored shareholders who exit today will not share in the profit when CBM Asia's ship final comes in. When your ship comes in, you don't want to be caught out at the airport.

CBM Asia is an advertiser and I have participated in a number of private placements. I am biased. Please read the reports referenced above, feel free to contact the company and take some responsibility for your own due diligence.

CBM Asia
TCF-V $.21 (Feb 05, 2013)
CBMDF-OTCBB 167.9 million shares
CBM Asia website

Bob Moriarty
President: 321gold
Archives
February 7th, 2013