I don't think there is any conspiracy. It makes sense really. The market is being sold off heavily at the moment as investors dump risky assets. Therefore there is an abundance of sellers of all mining stocks.
On the other hand though, EXS now have a virtually certain sale and a subsequent cast backing of 62c. There are an abundance of investors who see this as the floor and are willing to buy.
It all nets off to where we are currently.
That's the beauty of this stock IMO. We are virtually a defensive play at these levels, but can capture all the upside when the risk tap is turned back on.
EXS Price at posting:
64.5¢ Sentiment: Buy Disclosure: Held
