SXP sapex limited

Don't be too disappointed. I got on too early on this and am...

  1. 19,459 Posts.
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    Don't be too disappointed. I got on too early on this and am taking a 35% loss on those shares. Sometimes it's hard to tell how ramped a stock is before you buy in, and it was obviously heavily ramped when I did initially. Hence losses.

    However I have been averaging down those losses on days like today.

    Cap 21, Cash 8.7, options 77mm@25c.

    Rsc 1bt Sub-bit Coal in SA (6 seams) for gas development.
    And holds the whole Arkaringa basin for 900mbl UNRISKED.

    In time this should pay off unless the management are REALLY hopeless.
 
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