building a base

Great news about the progress towards getting the Pakistan project up.

Coming from such a low base the price run of 70% seemed extreme given that the announcement was about the start of investigations, not the signing off on the power station deal.

Still, a lot of shares and options shifted into new hands. Presumeably some are even those of investors not just daytraders.

It is these new investors who will be the source of funds to do the drilling investigations and underwrite the first fire and burn.

The more of these who want to see long term values increase the more solidly CXY will perform in coming months.

This week's activity has put CXY on the radar of LNC and other shareholders. Those holders will now buy CXY to diversify risk further supporting CXY share price.

And the higher the price, the less dilution will happen each time the market is tapped for development funds.

I am happy.