A few thoughts....In reviewing the NR today and watching the SP deteriorate, I was a bit perplexed as to why. After pondering awhile over my morning coffee, it makes sense that this did nothing for SP as the land aquisitions made are moose pasture at this point until resources are tapped.
What it does do is allow CBM to expand both ownership and resources if the acquired land does prove its worth. The company timed it well with the RE coming out in a "couple" weeks. I have to agree that this company continues to expand its potential and the RE will be the determining factor. I don't see why they would try and become a major as the cost of infrastructure would be enormous. I agree that they're most likely going to develop the company and their assets to make it an attractive takeover option. There is nothing wrong with that IMO. WTN did that and shot from $3 to $12 within a couple of weeks. Let the big boys take over the risk and expense of bringing the gas online, just pay us shareholders what its worth.
I'm still in, long and waiting patiently. GL