boardroom radio, page-36

"EXM chewing through cash at an alarming rate." Not exactly the current situation hutchley.

I don't think there are any surprises in the half yearly financials. That $1.167m for exploration is not ongoing, and the company has reduced it's operating expenditure this year, of which $280,000 for administration costs per quarter were reported last quarterly. Probably less this quarter.

As was discussed after the December quarterly, there is enough money to run the company for a couple of years, $2.4m, given a small round of drilling and completing the studies early this year. Of course, sometime between now and then they are going to have to raise money, get into production or JV the Tennant Creek project.

Something else that has been covered is that EXM have uranium prospects in WA, which, given the recent decision by that state to allow uranium mining and an increasing U price, could be sold at the right time.

Wasn't much of a sell off anyway, 1,707,452 traded, 1,234,000 at .8c and 473,452 at .7c.