What a great week for EXT!!!! And if I was a little bit cynical, might I suggest that it is great timing to have 1.6mio options being exercised (and I am in no doubt that some of th eoptions taken up required some selling of existing EXT shares to fund) in a week when a great JORC is released to the market and more drilling results also.
The result, the selling to raise cash to take up the options had little affect on the share price.....and it would've been a vastly different story in my opinion if the options had been exercised in a week when no great news was forthcoming.
As it happens, the management of EXT have timed the exercising of the options in a week when good news supported the EXT share price, despite the selling.
I'm pleased with the end result as the share price closed the week at an all time high. IMHO
EXT Price at posting:
$1.61 Sentiment: Buy Disclosure: Held
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