blue steel - the look of success, page-18

Hi Harry
i could be wrong BUT imo EXM has no immediate requirement to raise capital at current sp
Yes they will have to do it sometime in the next 3-6 months, in that time i believe there will be plenty of activity that has potential to significantly lift sp.

I have said before that i am not opposed to dilution if it is done at the right price and for the right reasons. One would hope that any future capital raising will be placed with strong hands looking to ride the EXM story thru its transition to a low cost producer.

Let me add also that if EXM were to be considered a possible takeover target in the future it would be beneficial and a lot cleaner if we retain 100% of our assets