CXY 0.00% 0.3¢ cougar energy limited

the facts about an opening price, page-13

  1. 8,380 Posts.
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    Volume has been surprisingly low given the company changing nature of recent events, and there has been solid support as well. Less than 10% of issued shares transacted, and half of that is probably churned once, at least. Says to me, many long-terms are staying put for time being.

    Another scenario I hadn't thought about earlier, UCG sector consolidation? Would this provide another source of demand should prices fall too low. might benefits two parties, one gets a new UCG process and a project ready to go - CXY get some breathing space and a more secure line to capital.

    Anyway, got some more at 2.5 cents this morning and they are going in the bottom drawer.
 
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