I sold my CXO shares last week after holding them for about...

I sold my CXO shares last week after holding them for about three years. My motivation was the opportunity to take the profit and I had some concern with high MC which at the time I sold was about $380M . While I think CXO has great potential the high MC for a mining company that had not yet dug a holes nor had finalised financing for the mine/plant development project. Today's announcement places CXO in a very strong an financial position to move forward with its exploration and development program. So will continue to be watch CXO and the commentary on HC and may at some stage buy back in.