CXY cougar energy limited

There will be a tumble on re-open regardless of the outcome I...

  1. 6,459 Posts.
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    There will be a tumble on re-open regardless of the outcome I think. The faint-hearted will bail out of this stock because CXY just got significantly re-risked.

    Assuming the funding goes well there's no reason they won't survive, but at the bare minimum I think returns on investment just got significantly further down the track (if Kingaroy gets canned) which means a larger discount from time as well as increased risk.

    Good buying for those so inclined. Personally I'm going to hold as I doubt the opening price will make it worth my while selling!
 
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