Despite all the doomsayers, XPL is grinding out a base technically in this 10c-11c area from which the most likely event is a relief rally to 14c+ once the selling pressure subsides. With all the changes, there could be a few shares waiting to be sold, but thats MORE likely to attract an insto than if there was no liquidity. Remember the reduced guidance was not based on poorer trading, but mainly an oversight at an RE to claim RITC, which is a timing difference. Not a good reflection on the previous FD or MD, who should have been across it earlier, given the $$ involved, but thats history. The choice of new MD will be interesting, Its an interesting challenge for the right candidate, so they can expect people of high calibre to consider it. meanwhile I'm continuing to incrementally add as and when free cash allows.
XPL Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
