EXS 0.00% 26.0¢ exco resources limited

exco immediate future

  1. 923 Posts.
    lightbulb Created with Sketch. 25
    I've read EXS wrong since buying it post ccp sale, as you say close to net cash backing and with cashflow to come in but it is back to being an early stage explorer, white dam will run out soon at this rate.

    Nothing in the recent drill results stood out for me, either low grade or small resources. They do have the runs on the board so will give them the benefit of the doubt presently, the div cheque and subsequent fall in sp means I no longer have enough capital left in this play that would induce me to sell.

    They better get busy drilling before the rain comes.
 
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Currently unlisted public company.

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