EXS 0.00% 26.0¢ exco resources limited

What is really starting to get interesting for me is this:Every...

  1. 1,082 Posts.
    What is really starting to get interesting for me is this:

    Every day I see a new story about a small cap with large resources (usually in Africa) that is struggling to get funding in the current market to develop their resource and the share price has really tumbled as a result. It will probably only get worse as credit conditions deteriorate.

    Our $50m cash balance is really starting to look like a war chest!

    I think we are going to be in a pretty good position at the end of Q1 to snap up some real bargains when we are done with Vertigo and Mt Colin.
 
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