I couldn't be happier at the moment and have a bid in for more at 20c.
2 weeks ago we were trading at 14c. We are now 50% higher.
We have a base price at 19c due to the bid.
Sellers have dried up. IVA don't seem to be selling on market. Trapped holders from the dividend have had their opportunity to get out. We are going to get Mt Colin results next week at a time when there is no stock around and I am confident they are going to be good.
We have finally attracted the attention of the brokers.
Management is also going to be rushing out the news flow so that it could all be incorporated into the independent valuations. The announcement of those valuations themselves will attract more interest.
Xstrata will be looking at Mt Colin knowing that the time to do a deal is now. Macquarie Capital as defense adviser will be pushing this card.
Why stress?
EXS Price at posting:
20.5¢ Sentiment: Buy Disclosure: Held