Diana try clicking "post reply" so that your post is listed in the same thread as Tewbs original post.
"Holder of a substantial quantity of EXS shares" and substantial holder are two different things so it is anyone's guess whether Tewbs held two parts of bugger all and is trying to big note himself or whether they held a few million.
It was obvious that there was going to be selling pressure ex-div/cap return. The questions are how long will it take for EXS to confirm the extension of WD and how long until they sell Mt Colin. I say 1st qtr of 2012. Either of these should give the buy volume to clear the overhang and then some.
WD extension most likely first cab off the rank. I understand they were considering taking out some put coverage when they go ahead to cover the downside since the costs will be materially higher than the current pit, although they might be lower than we have been led to believe.
EXS Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
