nawiboyes very cheap indeedthe reason it has dropped is simple...

nawibo

yes very cheap indeed
the reason it has dropped is simple it is a dash for cash as investors percieve the sky is falling, lol

FEAR has set in, personally think it is overdone and believe that at this point the market seems to have priced in a full nuclear strike on the US, imo

remember August and then the rally ??

subprime shite
remember EXM has no debt and is fully funded for the next 12 months.

placement was for 260m shares, some say this was oversubscribed by 300%. If correct that tells me that there are folk out there who would have been sent their money back to the tune of approx 400-500m shares or $12m-$15m.
even if we Qtr that amount this leaves a demand overhang of around 100m shares conservately.
I'm sure some of that money will be on the sidelines waiting to see what falls out.
Does it seem reasonable to anyone else out there that this overhang may exist ??

cheers