Have been buying CXG over past few days. The 1H09 report reads well apart from the 'greentrains' debacle. But the greentrains issue is by no means unsolveable and i reckon potential gains outweigh the risks involved. CXG is not a one dimension business. Has about 10 arms each targetting niche business markets.... and most are making good returns. Have also been reading that WA wheat transport is busy and i suspect greentrain locomotives are getting their fair share of work. A solution to greentrains will see SP explode. meanwhile am expecting 2-3c div in August.
CXG Price at posting:
16.4¢ Sentiment: Buy Disclosure: Held