The clown who opened this thread's first 2 posts say it all.
He has virtually no deeper knowledge of the stock's position nor any specifics to back up his claims. Talks about things like spiralling costs reducing profits, fuel and transport rates being high and then interest rates. Treats CXO like it's some "start-up" company with no finances or prospects.
DUDE!!
CXO has...
- NO debt.... NONE! Interest rates are for other companies to worry over...NOT CXO. - Something over $140 MILLION cash @ bank for wages, expansion pre-first shipment - SIGNED contracts for our product in a VITAL current and future product. - Less than 7-8 months to first production, 1 year to FULL Stage 1 production - About 9-12 months before contracted sales payments start appearing in our bank in amounts of hundreds of MILLIONS of dollars (either April or July 2023 accounts) - "Spiralling costs" that, if DOUBLED (impossible) this week would still see huge margins achieved next year. Hardly a problem even if it happened. - Absolutely minimal fuel/transport costs compared to others due to proximity to overseas buyers - we're basically a Greg Norman Number 1 wood plus a 5-iron from port.
Oh I forgot.... CXO also has one other thing.... trolls. Take the hint and find another bridge to haunt.
Bill.
CXO Price at posting:
91.0¢ Sentiment: Buy Disclosure: Held
