GREY:CXEYF - Post by User
Comment by
mind_businesson Nov 29, 2007 7:49pm
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Post# 13891790
RE: Management is Honest
RE: Management is HonestHi Anchor. I have no doubt that CAX management is honest. Their only fault is perhaps being a bit too enthusiastic when delivering updates or news. I think it was you (or perhaps someone else) that noticed Michael Wood was almost giddy during his last interview.
That being said, CAX short term looks like a very safe investment, at least for a few quarters. Once El Bibane is up and running we should see a nice spike in the PPS. Combine this with a steady revenue stream and CAX will be in a great position to start drilling Chaal and other explorations. The only wild card in the short term, which should impact CAX positively, is the deal that Michael mentioned during the interview that should be announced by Christmas ... assuming successful negotiations.
I'm hoping to buy another 15K shares tomorrow and then I should be set. I tried over the last couple of days but kept missing the price by a couple of pennies. I don't have time to monitor my orders during the day.
Good luck to all. I think we're in for a fantastic 2008.
BTW, thanks for all your informative posts.