what is the sp upside......, page-9

don't underestimate market sentiment, in recent times we have seen companies rewarded for grades much less than what is expected out of EXM, judging by the large amount of buy orders above the 3.4c level there is a lot of demand just waiting confirmation via the drilling results.

its hard not to focus on the first set of drilling results, but try and remember we are only going to hear about 3000m first up, so there will be plenty of news to come shortly after the first announcement.

if you go through the AGM presentation released last night EXM have four targets that have had historical results above the 20g/t au mark, so don't be surprised as the results are released from this campaign if we see many holes that intersect grades of greater than 20 g/t.

from a traders point of view a lot of people are waiting till we get a little closer to the release before jumping back in, as money can be made short term in other stocks at the moment, but don't be surprised if late this week or early next week we see some real volume come back into EXM trading, will limited downside due to the already announced 530,000 oz JORC resource, EXM is poised to reward the patient holders on any good news out of Tennant Creek.