the news of the second drill rig is welcome. Companies like to try and slip not so good news through as a bit of by the by. The recent ausdrill announcement pointed out how high in demand drill rigs are in QLD and reading between the lines I thought maybe we were being told that we were lucky to get the one. EXE has such a lot of work to do the news of a possible second rig makes me feel happy inside as it should speed the whole process up a fair bit.
BTW, on the chart.....A bit of over head technical resistance here. the 200 day ema is around 15.5ish mark and the 50 day ema at around 16c. If we could crack through that we might go for a bit of a gallop. atm moment it seems like a tussle between buyers and sellers at this resistance level.
Good to see a well laid out plan of attack provided to us.... we should give the company a tick for this one.
EXE Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
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