EXS 0.00% 26.0¢ exco resources limited

furniture,It was the sale of a major asset (Cloncurry Copper...

  1. 25,108 Posts.
    furniture,

    It was the sale of a major asset (Cloncurry Copper Project) and a (post) distribution & special dividend to shareholders ie; capital return (see yesterday's Quarterly report - http://www.asx.com.au/asxpdf/20120131/pdf/4242hrfcqrbscg.pdf).

    The Company kept 50% of the cash for further exploration of its ~2,500km assets & to look at further acquisitions which will hopefully add value to the sp whilst returning special dividends (much the same to the Cape Lambert model).

 
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Currently unlisted public company.

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