DSE 2.74% $3.38 dropsuite limited

Fair go people, how quickly do you actually expect the SP to...

  1. 7,964 Posts.
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    Fair go people, how quickly do you actually expect the SP to rise??? I'll point out a few quick points on EXM's SP:

    a.) The SP hit 2c on 21/10/09 for only the second time in 6 months - the previous time it reached 2c was for 1 day (I think).

    b.) The SP has gone below 2c on 4 of the last 11 trading days, and only once did it close sub 2c.

    c.) The 21 day SMA is currently just over 1.9c

    Personally, I think everything is headed in the right direction. I think they could've "fluffed up" the drilling update a bit in an attempt to generate some excitement & hopefully get EXMO in the money, but it was your usual boring techincal miner talk - still good news, but you need to "sell the sizzle, not the sausage".

    Cheers.

 
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