Trading Week, page-2242

Looks like we're back in our 12.5c to 13.5c range - which I don't consider to be a bad thing - awaiting the results of the two current strat holes. Both could provide some significant upside. The DAF figures from Nomgon II were positive, but right in line with where we'd expect. Also, I think the options conversion is putting some short term downward pressure on the SP (as discussed through the day).

Over all quite high volume again, which does go to show there is an appetite for EXR, with just short of 4 million shares traded for $530k. I missed the second part of the day in meetings, but the part of the day I did watch didn't suggest any desperation to sell, and the buy side was better stacked than the sell side for most of the day.

The price closed last week at 13.5c, and we closed today down to 13c, however the VWAP was 13.3c so the VWAP change was -1.48% and reveals a better appetite than did the closing price. I think we'll trade around this range for a while until we see some numbers from the Strat holes.

Cheers all