EXS 0.00% 26.0¢ exco resources limited

Sitting back watching the action over last few days has been...

  1. 813 Posts.
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    Sitting back watching the action over last few days has been great theatre.

    Starts with CEO putting a catalyst into the mix to push things along, just to flush out and fire up those who have been sitting on the fence for a long time.

    A masterstroke of good corporate upmanship.

    To put this in perspective:

    05/08-2.6 mill shares traded
    06/08-2.8 mill shares traded
    10/08-3.3 mill shares traded
    11/08-19.8 mill shares traded (includes 13 mill off market)

    Today 4.8 million shares traded.

    Someone is building a significant strategic position here and their intentions will be revealed in the course of time; however I pose the question that there could be more than just one or two players getting involved here.

    It's definitely game on now. Will be very interesting what transpires in the coming weeks.

 
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