joulesmm1...Nice work...looks like we are the only two following...

joulesmm1...

Nice work...looks like we are the only two following SPX...drilling any day now.

If I were to pick a stock to follow in this end of the wood, given some of the market caps around (ie LYC), I think SPX is a pretty safe bet given the initial results.

Particularly their mix of REO's.

Any indication they persist at depth, and there should be a decent re-rate on the cards.

No volume at all...so anything decent may see one of those +200% re-open scenarios...works both-ways of course but given their current market cap, downside is significantly less than upside.

If they were trading at 50c or so, then I might be waiting to see more before entering...but not at 6-7c...and well below the listing price, in spite of success.

The market throws a few bargains up every now and then...just need to catch the right one.

Cheers!