Rockford, I'm afraid it is you that are naïve here. An oversubscribed placing doesn't need to be discounted 20% form current price, and 33% from recent peak. They had easily over one quarter of drilling finance, yet their drilling plans for Resource upgrade are just about completed. The upgrade now a matter of days away. Near enough full results are most likely known but not released publically, the last two ASX releases showing out of date maps of mineralised collars. This dilution is possibly inflated by 50% of shares issued by doing it before the resource upgrade, in fact the same ratio of profit enhancement for a very select chosen few. So don't patronise me.
EXU Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
