daytrade diaries... may 25, page-6

if you missed exe on friday heres a reminder of the deal and why exe is going higher assuming everything falls into place

it is a backdoor listing where the "new people" control most of the shares. Its in THEIR interest to get the price up so they get the performance shares see below.

Anyway up 50% again on friday to a new high close.

DYOR

i hold exe and exeo




Tranche 1 One third of total Performance Shares
Exoma entering into one or more farmin agreements under which the farminee(s) have an obligation to spend at least $20 million on exploration for the development of the ATPs.
OR
The volume weighted average price of Exoma shares traded on ASX for any 15 consecutive trading days (“VWAP price”) being at least 40 cents.

30 months from date of issue of Performance Shares.




Tranche 2 One third of total Performance Shares
Certification by an independent expert that the ATPs contain contingent resources of 200Bcf of gas.
OR
The VWAP price being at least 50 cents.

42 months from date of issue of Performance Shares.


Tranche 3 One third of total Performance Shares
Certification by an independent expert that the ATPs contain contingent resources of 1Tcf of gas.
OR
The VWAP price being at least 60 cents.

60 months from date of issue of Performance Shares.