steady price of exco at 64-65 cents, page-7

Whilst that may be the case as to what is happening in reality asf, the situation is very different for EXS and hence why it is still a value proposition. I haven't read Peter Strachen's article and am not sure if he is referring to EXS generally, but I egree with his view in relation to cash boxes generally. EXS's situation is that it has a CLEAR business plan and plenty of OTHER ASSETS, but just happens to also have cash virtually backing equal to its share price. It should not be penalised for that and if that is what the market is doing, then we should all be loading up everything we have.

I thought we would see a bit of a leg up after the announcement, but as I said earlier I am not surprised as the result was virtually known when EXS agreed to up the payout.

Like JPGM and Oze keep saying, we should trade up to the dividend date after it is announced. Once the cash has been paid and we become much leaner, the valuation gap will become more obvious to investors as well. Any results in the meantime will be a bonus.

I think I have just convinced myself to buy some more today...