EXS 0.00% 26.0¢ exco resources limited

share price monday, page-49

  1. 1,082 Posts.
    exactly davmarc

    I don't think you will regret buying at these prices. You are basically getting a free option to upside from any positive announcements.

    Don't forget also that, as per the AGM announcment, there is also $7m (i.e. 2c per share) of cash to come from WD this quarter. GL has also stated to me a "very high probability" that Vertigo will be mined from January, so there is additional cash there as well. The 15c balance will increase from here.

    I expect to see broker reports being issued shortly now that the cash has been paid out and the company can be properly analysed on its merits. We can also expect to see a string of drilling announcements between now and Jan.

    The future is very positive and in many ways it is great to have the dividend past us now.
 
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