The problem with having a lot of retail on the register is the fear factor when the price is pushed down by the bigger players looking to get onboard at a more attractive price, $34 million in the bank, spent $100,000 on one failed drill, possibly the same figure for the previous failed drill, jippity do da, put things into perspective before you panic.
The top 20 will change significantly before years end I would predict. If larger players are watching with interest they will be looking to accumulate quietly, it costs them very little to have a look at this stage as further success in such a large targeted area is high.
The only reason to put up the interviews is to bolster shareholder support, they seem (recent spp) to be appreciative of their retail investors which is rare in the ASX.
EXR Price at posting:
25.5¢ Sentiment: Buy Disclosure: Held
