Crazy isn't it noellyn. On top of that, the 64c cash-backing was actually as at the end of June. We just had a full month of interest and production, so are more likely at 65c of cash-backing now.
If Sin Tang are selling, then I guess this explains it to some extent.
It is just a matter of patience though. Any slighty positive drilling announcements should see a re-rating.
The ATO said they would provide a ruling in a 2 to 8 week timeframe. We are into week 5 now, so I expect to see a result by the end of the month.
EXS Price at posting:
65.0¢ Sentiment: Buy Disclosure: Held
