It's always darkest before the dawn.For those of us who didn't...

It's always darkest before the dawn.

For those of us who didn't sell at higher levels, personally I think it's too late to sell now unless you have compelling opportunities elsewhere or don't care whether CXO recovers or not.

I once sold SYA at 0.8 cents thinking it was stuffed. It went on to recover to around 25 cents.

Can CXO go lower - of course it could.

Can CXO recover to $1+ over the coming months and years. I believe it can and very likely will.

All time highs are off the table for a very long time, but if the plant can be dialled in better, I don't see why CXO can't make hundreds of millions p.a. in due course.

The shorters can't take it zero, so what are they doing increasing their position?. Unless theres a cap raise as some have suggested, it doesn't make sense.

Let's hope Gareth and team can right this ship and as he said in his Comsec video, watch the financials very carefully and build the business accordingly.