MXO 0.00% 5.2¢ motio ltd

MXO & ERG, page-6

  1. 3,353 Posts.
    re: MXO activity Great posting everyone, good to see you again Black Gold despite the irritating new site. My opinion:

    It takes more than scabby day traders to drive a company looking a bit shaky up to 10.5 cents. I am a very 'there is no smoke without fire person' and I would not be surprised to see them run again today.

    My calculations say that at US$25 a barrel, they need approx 4000 barrels a day for cash breakeven on the operations.









 
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