I'm a bit disappointed that we seem to have capitulated to IVA, we have had the riot act read to us is my guess -still too many tie-ups with them to tip the boat over best to resolve a little squabble over 20-30 million amicably.
Not that it's the end of the world ...as others have pointed out we are rolling in gold dollars and more coming in each month anyway ...more than enough to fund future exploration activities.
This news essentially guarantees the sale will be voted for -and then? ...we had a sell-down! ...all very strange (I'm glad it wasn't bad news).
I mentioned the same sort of thing previously happened with MEO ...but I still don't understand why.
So what of the immediate future? ...first we need to react to the negative Dow news for Fridays trading, then hopefully we can look forward to increasing SP as all of the conditions to the sale are progressively formally met.
I won't need any tax help this year, so will probably sell before we go ex-dividend, then look to buy back in to the leaner-meaner Exco.
Cheers all.
John S.
EXS Price at posting:
65.0¢ Sentiment: Buy Disclosure: Held
