Banter and general comments, page-408

CXO has managed to actually retain its value very well in all its major pumps since it broke out from the 5 cent range. A few dips here and there but nothing major and it's always consolidated quite well.

But I think the reason for that is that it comes down to strong fundamentals and a substantial amount of the holdings being in the hands of longer holders who have the discipline to let it grow into what it will eventually mature into. The upshot on this company, particularly after the mine is paid off is exceptional and a lot of these long holders know it and are also well past their break-even point so the pressure for them to sell in the event of a small dip isn't much, especially considered what many of us have weathered the last few years to get to this point.

Just my 2 cents anyway. I have every intention of holding these for a lot longer.