EXS 0.00% 26.0¢ exco resources limited

bargain price at present, page-15

  1. 16,642 Posts.
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    lionel,

    I agree, someone could pick up Exco cheap right now.

    I hope there is another bid out there, although I'm not sure there will be.

    Yep, an acquisition (maybe QMN or a company like that, I think they have a JORC) would help.

    I have been thinking up any sort of bid scenario's I can, but none are compelling.

    Like, SOL bidding for the lot, flicking off E1 & Monakoff to Xstrata, adding CopperChem to Exco and refloating the combined entities, could happen, probably wont.

    I still believe that Exco have promising ground aroud Cloncurry & are a good chance to do it all over again.
    I also see White Dam going on for longer than most expect, but the market wont price in speculation of an extention, until it's fact.

    Anyway, I'm still holding most of my shares, to see what happens.

    cheers

 
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