The difference between CXO and SYA/Elevra is CXO is in C&M , is still burning cash producing nothing and requires $A200m ( serious dilution) to restart which it doesn't have , it quite possibly never will and if it does prices will have to be considerably higher than they are now and showing some signs of staying that way.
SYA/ Elevra are still producing now , at a loss, which is obviously unsustainable long-term but post merger have enough cash to buy some time for proces to recover before having to go into C&M themselves. If prices recover it stands to benefit as a producer.
C&M is a last resort as its unlikely to restart IMO.
Vote however you want but without the merger and the combined cash plus RFC contribution ( far from certain) C&M is very likely IMO and that helps nobody.
As for comparing shareprices, when your down at the level of CXO and SYA 30% swings can happen in a very short time so have little real relevance.
Cheers Whisky
SYA Price at posting:
1.4¢ Sentiment: Hold Disclosure: Not Held
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