my reasoning is that the greentrain locomotives are not a 'dead' asset. They are in work earning money. Yes, the sale of them is problematic but it is not like selling an empty skyscraper earing zilch. Locomotives are mobile and could be sold far afield. Meanwhile the company is doing well. I took a punt buying at 18-18.5c based on the risk/reward ratio. That was 6 trading days ago and am up 50%. Still has some way to run IMO. Maybe i am wrong re div in August and until greentrains is solved no divs will be paid-out. But if greentrains is sold SP will double in a single day or 2.
CXG Price at posting:
23.8¢ Sentiment: Buy Disclosure: Held
