CXO (ASX) 6c share

Originally posted by Brumbie ↑

Being new to investing and HC I have been reading and learning from many fantastic posters on quite a few threads and keeping my head down as really I know very little compared to many others and believed I had nothing to add.

I have realised that even with my limited experience my initial thoughts about this community may help someone else who is as new as me.
My observations as I have seen on the many threads are there are a few who troll for fun (unfortunately), a few who ramp for personal gain and the vast majority who like in any community want to live,learn and work peacefully with others.

I have tried to be considerate of all views posted whether positive or negative as I believe debate is healthy. I decided very early on that I would try and not use the ignore button.

I believe we have a few rampers/traders here. Talking it up one day, ramping it down the next trading for pips. There is the occasional glimpse of a rational argument mixed in with alot of emotional rubbish and ramping doesn't fool me. It has made me think it is being done on purpose in trying to influence newbies/others like me into an emotional trade. It may also be working as CXO seems to be moving 4-5 pips up and down each day. Enough for a trader to live off the scraps.

I have finally (with much thought and internal debate within myself for the past few weeks) decided to use the IGNORE button due to the fact that I do not trust the motives behind a particular poster any longer. Continually ignoring the facts that are publicly released and the goodwill of other posters trying to answer questions it has become obvious that Prosperity doesn't really care if questions are answered. This is a very deceptive game that is being played. It is also wasting everyones time and ruining a good thread.

I am calling you out.

Maybe the rampers and trolls should start their own thread titled "Rampant ramping". I am totally fine with people trading stocks daily, I hope to as well one day. I also guess I am fine with the tactic of ramping for ones own benefit. Pretty sure it is not illegal. Go for it. But I don't have to listen to it either. Disclose your motives.

As a newbie I am trying to battle with the emotions of investing and trying to keep it real with the FA and TA that real posters are presenting. I no longer want to listen to rampers. I have learnt what I need to about this skill (sic). I have already learnt the hard way and been sucked in a few times on other stocks to trade on emotion. Not again.

I started my investment journey only six months ago. I started researching stocks and came across CXO. I soon realised that it has tenements with a huge potential for commercial development. I then watched it for 3 months to see what/if management where delivering and as they had promised. I also read and took in others opinions of other HC posters on this stock which has been invaluable. Having seen constant progress over this time I then invested for the long term. As the months have passed since my I have seen nothing but further confirmation that there is a potential winner here. Nothing is for sure when you are digging around of course. This is an educated gamble I'd like to think.

I wish my circumstances would have lead to me timing my entry into investing last January when this was 2c. But it is what it is and I still consider it potentially a great investment and multi-bagger even at my average buy price. I have just had to invest alot more than some lucky others to get a decent slice of the potential. I have enough now as a base position and some trading shares as well to sell on the way up (hopefully).

This stock will IMO (if everything is found as it seems to be pointing at) at least another 12 months to get to a very decent MC but I believe this could potentially go all the way to production which would be a 2-3 year thing. Again I could compare this to other companies MC but prefer not to speculate as to what the potential could be. It will be a long journey with many twists. DYOR.

I am holding and continuing to buy even though supply seems to have dried up the last few days at these levels as I believe it is slightly undervalued with what we know so far but also if the new lithium assays and Zinc potential come off, I will be smiling.

GLTAH.

Expand

I'd like to add that there are entire areas of stock analysis that are simply not addressed in these threads. Taking even the best comments seriously is at your own risk if you arent doing your own calculations

No.	Vol.	Price($)
217	12598735	10.0¢

No.

Vol.

Price($)

217

12598735

10.0¢

Price($)	Vol.	No.
10.5¢	795015	23

Price($)

Vol.

No.

10.5¢

795015

No.	Vol.	Price($)
217	12598735	0.100
8	260911	0.099
13	347922	0.098
5	357036	0.097
4	223581	0.096

No.

Vol.

Price($)

217

12598735

0.100

260911

0.099

347922

0.098

357036

0.097

223581

0.096

Price($)	Vol.	No.
0.105	795015	23
0.110	4172663	41
0.115	3423675	38
0.120	6659747	60
0.125	4255721	55

Price($)

Vol.

No.

0.105

795015

0.110

4172663

0.115

3423675

0.120

6659747

0.125

4255721

(20min delay)
Last 10.5¢		Change 0.000(0.00%)		Mkt cap ! $225.0M

Open	High	Low	Value	Volume
10.5¢	10.5¢	10.0¢	$312.1K	2.989M

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