Whilst trawling around this morning, I cam across the reference...

Whilst trawling around this morning, I cam across the reference to EXS. How can it be allowed to pubish such dribble? How can 61.5c minus 38c div and cap return, minus 10c franking credit, be regarded as taking a beating? On my calculations, David is well in front!

http://www.australianpennystocks.com/

The Exco Resources Punt
David Haselhurst took a punt of EXCO Resources( EXS) in June 2011 @ $0.615 which has since then taken a beating with the current price as of today being $0.19. Exco resources has quite a few tenements in its prospecting portfolio in Queensland and South Australia besides the one it sold to Xstrata , which could possibly generate more income for the company.

“Exco Resources Ltd” (ASX: EXS) is an ASX listed mining and exploration company that has been operating since 1998. It operates the White Dam Gold Mine and the Cloncurry Copper Project (CCP). The CCP was sold to Xstrata Copper for A$175M in June 2011, generating a significant return on equity and the Company subsequently returned A$135M (A$0.38/share) to its shareholders as a fully franked dividend and capital return.