EXS 0.00% 26.0¢ exco resources limited

kymelle re-read this bit,"If EXS trades for 13c (which it...

  1. 1,924 Posts.
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    kymelle re-read this bit,

    "If EXS trades for 13c (which it effectively is right now) then would you be a buyer holder or seller? Trading below its cash backing, ignoring future cashflows (WD & royalties) and advanced exploration for a negative enterprise value!?!?"


    Market is saying tenements are worth minus 1c today. EXS have more cash coming in from WD & royalties which will comfortably fund 3yrs drilling without touching the cash balance.

    Minus 1c.
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