SXP sapex limited

farm ins

  1. 16,006 Posts.
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    this csg asset looks like it could be fuge. but what will it take to exploit it ?? MPO, of which I am a big fan, has a similiar resource in china. But by the time the chinese gov't takes half and then MPO farms in FTO and gives them 60% of their share MPO ends up with only 20%. I am wondering what SXP can pull off here to exploit the asset whilst maintaining as big a percentage as possible for themselves. It will be tough going for this little newbie

    That won't stop me from buying into SXP as the market cap vs asset size just can't be real. I remember when MPO was priced like this in January and look what's happened there.
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