into the 2's ?? or p & d, page-4

I tend to agree with you blokes

IMO yesterdays 'big buyer' is indicative of a growing recognition of the work that has been done at Tennant Creek to advance the project towards mining and the increasing size of the resource at Juno on the back of recent discovery above Juno.

Yesterday someone wiped the 2c line to the tune of around 20m shares, total volume for the day was around 39m. The line wipe was clearly too big a bite for any traders.
I think what we are seeing is a gradual tightening of the register. As of December we have a new substantial holder in New City investment managers to the tune of 5.225% or 135m shares. As of the annual report (released in Oct09) the top 20 were holding approx 21%, i have been told that the figure is closer to 35% now.

Yes, there are still many s/t traders active in EXM, this is clearly evident in the buy/sell depth and a direct function of the number of shares on issue.

The job for management as i see it is twofold

1. Continue to progress the project in a timely manner.
2. Work on attracting new major shareholders to the register

An interesting few months ahead for holders with potential for significant further exploration success culminating in the revised JORC due in march