Just so you know what might be going on re the SP, Peter...

Just so you know what might be going on re the SP, Peter Strachan, analyst, put out a newsletter on May 18, saying investors don't like buying cash, so Exco will trade at a discount to fair value and won't pay more than 65c
(underlying value 78c) until a new business case is apparent. I found the newsletter free on the net, and the SP has been around 65c. I just thought if anyone was wondering why, I might give them a heads up to a possible reason. Of course, it could changeat any moment and break out, depending on EXS news, but it does seem like Strachan's analysis has influenced the market for now.