37.5 m shares issued to sophisties' @ 20c were raised in Apr 2011, since then the share price never looked up and it starting to look that it just wanting to break the 20c mark.
“ While Exoma is fully funded through 2012, we believe it is now important to appoint an Investment Bank with significant conventional petroleum, shale and CSG experience, to ensure we gain appropriate corporate advice as we move forward into the next phase in our Galilee Basin projects. We also believe it is important to now lift the exposure of Exoma and its projects to interested institutions and funds globally.”
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I don't think they will raise funds again @ 20c, guessing 50% higher, around 30c level my feel,thus the current interest in exe.Also it is definite t/o target. All imo and my own speculation.
EXE Price at posting:
20.0¢ Sentiment: None Disclosure: Held