Hi Hutchley
I have just spoken to Alex.
There is no problem with placement,
infact they will be catching up with placement investors when they travel to HK next week for the Mines and Money conference.
Alex was very encouraged by the presentations at Tennant Creek last week, said they were very well recieved.
Commenting on recent selling he considers that it is due to short term speculators moving their money elsewhere chasing fast dollars. He said " We are running this Co for investors not speculators". If you want fast money go chase ironore stocks. As far as he was concerned Excalibur is on track with their drilling and stated purpose.
Infact he sounded very happy with progress to date.
Hope that answers a few questions and sets a few minds at ease.
cheers
BoomTrader
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