EXU 0.00% 17.0¢ explaurum limited

11c was enough for me, page-6

  1. 60,352 Posts.
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    Seems to me that the brokers have a floor under the sp at 10c ?

    S S due out this month which will be very positive, I assume.

    Further exploration to expand resource planned and once in production, one way or another, next year the sp should be north of 30c.

    However, short term, funds will be required for drilling etc so expect a CR by way of sophisticated investors and perhaps a non renounceable rights issue for shareholders? I can't see the issue price being below 8c therefore but we will have to wait and see.

    The big picture in the medium to long term remains very positive.
 
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