Hi,Guys, CBA facilities are due for renewal in February 2010.CBA always support CXG during the GFC worse time and also allow cxg overdraft.After the capital raising to reduce the debt,it is high chance for CBA to renew the debt,Which will give the market confidence a massive boost.CXG will release this announcement soon,but i don't know how soon.For short term player,it is worth playing a bet.For value investor,the company is still not in a good shape,but the sp is so attrative.Nowadays,it is very hard to find shares like this.most of them already go up 3-10X from the bottom.people complain the risk of it,but when you avoid the risk ,you also avoid the opportunity at the same time.The market depth will support my opinion.Other factors like Southpur Sales,Greentrain T2 sales,and Greentrain goes to pulic will help the SP.May be this reason,Greentrain's headquarter is NSW not WA.
CXG Price at posting:
19.7¢ Sentiment: Buy Disclosure: Held
