EXS 0.00% 26.0¢ exco resources limited

5 mths of nothing, page-10

  1. 1,082 Posts.
    It's not just the fact that we are trading at cash backing that makes this stock safe. It is also the fact that we have incoming revenues from gold and copper production that will fund our exploration costs.

    That means our cash-backing isn't just a short term situation. Most other companies trading under cash backing don't have further cash coming in on the horizon.

    The reason this keeps our stock safe is that if we fall too far below cash backing, it creates an arbitrage opportunity for a purchaser, who could then acquire the stock effectively for free.

    I have stated before that if we fall too low, I will personally muster up some investors and try to take the stock myself!

 
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Currently unlisted public company.

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