Will we see a sell down to 25-26 cents by the two institutional investors? Will they dribble a few million shares back into the market to take some profit from their gift of 40 odd million shares ? With White Dam 4 to 5 months away from making money why the rush. It was nice that Exco’s largest shareholder Ivanhoe Australia Pty Ltd was also allowed to participated in the placement, and will maintain their 20.18% shareholding while the rest of us get our holdings diluted again. It seems everytime the share price makes a move higer they decide to dilute the holdings of all of us small holders. Remember the last time EXS did this, the share price was sold down to 23/24 cents and held there for weeks while someone dumped who knows how many shares back into the market. Now any profits made from White Dam will be diluted by 41.3 million shares. I keep saying to myself the glass is 7/8 full. Ive been told not to fall in love with the stocks I hold. Anyway Thats Hermie's Say.
EXS Price at posting:
28.0¢ Sentiment: LT Buy Disclosure: Held
