its a waiting game ..., page-32

Hi Bleasby, U are correct - it can become a slangin match if one is not careful. I too felt a bit uneasy re the blog response as it cannot be deemed to be impartial, hence my qualifications. Its great to have well informed posters as it really helps with investments and the risk taken.

I would be keen to find out how you concluded it was not commercial since from my sources it burned for 30 months (from memory).


I try not to fall in love with any stock/investment and try to run a cold eye over them.

I agree that the 200 MW is agressive

However irrespective of all of this CXY is still vastly undervalued.

Looking at this another way.

If CXY was as well progressed as CNX then the SP should be roughly 0.7 x CN SP = 0.525 rougly

Taking into account they are maybe 2 years behind a reasonable price might be say 0.25. ?? To me CXY is a buy for that reason alone (yes there is specualtion in the mix too)

I will see what I can dig up re the SA activites and I would encourage others to do the same

We need to be secure with what we are doing with our money and at thsi point for me CXY is specualtive. My postings are my attempt to de-risk via information exchange.


Once again really appreciate your post Bleasby