Prefer for them to get ongoing cash flow opportunities sorted first. When I last spoke to MA on 29 June, he said they were close to negotiating a couple of Copper Chemical style arrangements, so it would be great to see some of these outcomes shortly. I think this is also what GL meant in the article aussiemaddog posted recently, when he said:
"Further, Exco will investigate opportunities that may provide the company with cash flow in the interim, while it undertakes its long-term exploration strategy."
But with the POG where it is, what I would really love to see is something about the WD strategy.
I don't know enough about QMN to know whether it is good value or not, but we have plenty of assets to work with already, so I don't see the need to splash out just yet.
EXS Price at posting:
60.5¢ Sentiment: Buy Disclosure: Held