EXU 0.00% 17.0¢ explaurum limited

Ann: Trading Halt, page-34

  1. 33,626 Posts.
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    " if EXU major shareholders think the deal is not good and vote it down what happens then? stalemate...EXU has no cash?'
    Think I would rather have a low capped EXU with no cash and a project with a high NPV fast payback now enhanced by MACE than an investment in a company that has plenty of cash but has bought a mine that it probably wished it had never heard about, other mines that are running out of reserves and mills that are very hungry .
    I do not see any suters banging on RMS's door or trying to pull its nickers off , probably because it does not pass the sniff test
 
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