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BattleOfHastings

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25/07/23

20:20

Post #: 68977137
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Originally posted by Kiwisfly9: ↑

I agree,

If the retail ranks were gonna panic and run for the hills, in the belief that all was lost etc they would have done so during the tax sell off a few weeks ago like idiots like User3 were suggesting would happen. Instead, they held the line, didn't dip into the 80s and by the looks of things from a few of the technical analysis boffins charts, it actually looks like were back in the up trend channel again (as was suggested by a few a while back once we got some momentum with the shipments).

My guess (and it is just a guess) but I think come the quarterly report being released that were suddenly loaded and sitting on a warchest of hundreds of millions of dollars (expected to grow further hundreds of millions of dollars each quarter we move forward), the market will finally begin to catch on that there is serious money to be made with a bet on CXO and the shorters will begin to fill their trousers and get out with whatever they can either collect on the way out or at least minimise their damage.

Happy with yesterdays annoucement. All was on schedule and on target for fulfilling our consignments. All we need now is that good quarterly to come, some news around if we have hit name plate production (or at least are getting close to it to relax the market that all is well), a solid annoucement soon giving the shareholders an idea of what the agenda is moving forward for the next few months like Stephen Biggins used to do and with a bit of luck (or maybe not so much if Stu is on the money again, which I suspect he is) some news releases about the drilling campaign, the gold we supposedly have at BP33 or a resource upgrade.

Even a couple of those this month would really light a fire under the share price. If we managed to get most of them, I suspect those people who have been terrorising the company are gonna be feeling very very sorry for themselves!

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Hay kiwi what are your thoughts

CXO Price at posting: 70.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

1 Great analysis

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