I emailed EXU last week regarding the statement made by RMS indicating they were willing to engage in further dialogue. I got a fast response from Michael Vaughan, which was as non specific as I expected:
"Unfortunately it wouldn’t be appropriate for me to provide any information on our current engagement with Ramelius.
In light of this, the Explaurum Board is firmly focused on maximising value for shareholders and is undertaking activities with that objective in mind.
Sorry I can’t provide more information but it wouldn’t be appropriate for me to provide information on any confidential discussions with third parties."
It's up to interpretation but third parties could indicate discussions with someone other than RMS, or it could mean nothing at all. I took it to mean that the board isn't sitting on their hands and I am confident they are working in our best interests. RMS on the other hand have proven time and again that they are working against us.
Let's wait and see what Tuesday brings.
EXU Price at posting:
11.0¢ Sentiment: Hold Disclosure: Held
