To say the sector is out of favour and quoting the falls of AVZ and SYA is an substantiated claim. I am sure you realise that there is also the element of shorting involved. You have to look at each company based on merits. CXO is an Australian based company, with leases in Australia and not overseas. It also has arrangements with a number of companies to purchase its production. Periodic reports point to its progress going on schedule.
Perhaps you missed the boat and hence your negative conclusion. I realised the potential a few years ago and even had a conversation with Baggins and he was upbeat about the future of the company and my average price is under 20 cents. My only regret is that I did not buy enough and hence looking to increase my stake.
You do not convince me one bit. I will be laughing in the months to come
To say the sector is out of favour and quoting the falls of AVZ...
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