count down underway, page-6

Ash,

Good and fair assessment of the situation.

But that is why CXO is trading at a lowly mc of $3M, despite the potential share price drivers in their possession. If they had confirmation assays back from the lab and piles of cash, we wouldn't have nearly the same opportunity now.

IMO the term 'capital raising' and everything it stands for should not be seen a a negative by default, as it entirely depends on what the funds are to be used for. For some coys, it entails another couple quarters of wages for directors. In this case, CXO have some big opportunities in 2014 that could easily see them trading at a $20M mc (over 6 times the current mc). I don't randomly choose $20M as a figure to make things sound better than they are; rather, this is a typically observed mc for a junior with either some strong initial drill cores that need follow-up work; or one with some sort of JV that entails a fully or largely funded drill program at a prospective tenement.

I hold only a handful of mining stocks thesedays but CXO is certainly one i think has some serious potential, which is all that any small explorer can offer really.

A small CR, hopefully at higher prices, would definitely not be the end of the world for CXO.