future trading

At some point in the not too distant future CXY will re-start trading. Whatever happens on day one, probably a big sell down as pent up sellers (ones that would have sold whatever was happening) sell.

Those of us who have invested, rather that bet, on CXY, will then be faced with two opposing views. I've seen it written in a number of posts, normally something like " CXY will have to be re-risked . . " usually with a meaning that its SP (or more importantly it Market Capitalisation) will fall.

This is the classic half-full or half-empty tale. The facts of the matter are that providing the DERM guys get their act together and find a way to protect their backsides, CXY will be allowed to re-commence operations at Kingaroy. At that point, CXY will not be "re-risked" it will however be "de-risked".

De-risking means that with proven, and very publicly available test results that demonstrate no harm to drinking water supplies and human health, unlike filling your car with fuel, an investor with CXY will KNOW ABSOLUTELY what is going on environmentally. Without this issue arising when it did, there would always be a little bit of any investor that might doubt the environmental issues.

Now that five sets of testing have proven there is NO issue, its significantly de-risked the entire operation. I hope Len and his guys are not being shy in making sure this point is rammed home to any new financiers.

After consideration, I make no change to my Sentiment and if it were trading, I'd be on the Buy line.